Tax Gap Overview

Tax Gap Overview

Much has been said in recent times by the ATO about the Tax Gap Overview and the recent re-focus of the ATO onto the SME sector as a project of fiscal importance. To give our readers an overview of the same we attach here below a point header summary provided to Accountants by the Taxation…

The Commercial Deals Early Engagement Program

The Commercial Deals Early Engagement Program

The Commercial Deals Early Engagement Program The ATO has launched a new Program, The Commercial Deals Early Engagement Program. The ATO is seeking to engage early with privately owned and wealthy groups to offer a pre-lodgement compliance agreement for commercial deals and restructure events. The ATO goes on to define a commercial deal as any…

Queensland State Budget

Payroll Tax Relief Package Qld Government proposes the following measures: Increase in the payroll tax threshold from $1,100,000 to $1,300,000. Sliding scale reduction where total Australian taxable wages are less than $6,500,000 Increase in payroll tax rate for employers with taxable wages above $6,500,000, was 4.75% now 4.95% A 1% discount on the payroll tax…