The Australian Government recently introduced new legislation in a bid to maintain its budget surplus. It has extended its Director Penalty Notices (DPN) issued by the Australian Taxation Office (ATO) to also include unpaid taxes included in your BAS Returns such as Goods and Services Tax (GST), Luxury Car Tax (LCT) and Wine Equalisation Tax (WET). These taxes join PAYG Withholding and Superannuation which are currently subject to DPN’s.
Topics: financial, GST, taxation, penalties, tax, management, financial planner, ATO
The way you access government services for both business and personal matters is changing this month. myGovID and Relationship Authorisation Manager (RAM) will replace AUSkey at the end of March 2020.
Topics: News, financial, small business accounting, taxation, accounting, AUSkey, ATO
The government has announced a range of measures to support the economy, business and employment in the face of the Coronavirus health crisis. The measures include the below.
Topics: small business, business owner, ATO, Coronavirus