We have been informed by the ATO that a 90% error rate was found within a random enquiry program for rental property claims. As a result, they are shifting their magnifying glass on rental properties and the types of claims made.
Small business benchmarks have been updated and released by the Australian Taxation Office (ATO). Business owners can use these benchmarks to gauge the strengths and weaknesses of their business. Have a read to see where your business lies
The general consensus within our office is that this years Federal Budget was mostly a non-event (apart from the vote buying tax cuts). But we still wanted to share with you who the winners and losers of the budget were. Perhaps you fall into the winners category?