Macmillans - Accountants : Maitland, NSW, Accountants, Solicitors, Business, Tax, Conveyancing, Will

Tax News

Maximising travel expense claims

Employers and individuals using a vehicle for work may find it useful to consult ATO guidelines when claiming work related travel expenses. Individuals and business owners may be able to claim car travel expenses in the following circumstances: If they have to carry bulky goods or equipment back and forth to work that cannot be le...

Tax Focus:Common FBT Exemptions

With the Fringe Benefits Tax deadline fast approaching, small businesses should review some of the key FBT issues. The FBT for the year ending 31 March 2013 is 46.5%, on the grossed-up taxable value of fringe benefits provided to employees during the FBT year. Common fringe benefits exempt from the tax include: Newspapers and ...

GST refund time limit

Small businesses entitled to refunds of GST may not be aware of the four year time limit on claiming those refunds. GST refunds are claimed under the indirect tax laws, which cover GST, Luxury Car Tax (LCT), Wine Equalization Tax (WET) and fuel tax credits. They are a form of ‘outstanding indirect tax refunds’ which are tax re...

Important tax dates

During this festive time of year we remind you, Friday 20th December 2013 is the due date for lodgement and payment of your November 2013 monthly activity statement.

ATO now targeting: Motor Vehicle Data Matching

The ATO plans to collect motor vehicle information from state and territory authorities and to match taxpayer records and identify those who participate or operate in the cash economy. More specifically, individuals who do not declare all of their income or are deliberately avoiding their tax obligations. The ATO has announced plans to ta...

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Supporting your employees during chaotic times as an empathetic leader will improve your relationships within your business and boost personal confidence. Here are some ways you can support your employees mentally and financially during these uncertain times. Be open with your employeesAs busines...
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Incorporating eCommerce into your business
eCommerce is becoming an effective alternative to traditional face-to-face business operations and may be the change you need to make for your business’ long term growth. eCommerce refers to the buying and selling of products and services online, either with business to business transaction...
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Tax News

Maximising travel expense claims

Tax Focus:Common FBT Exemptions

GST refund time limit

Important tax dates

ATO now targeting: Motor Vehicle Data Matching

How to support your employees through COVID-19

Incorporating eCommerce into your business

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