GST Archives - The Garis Group

ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations.

ATO ramps up heat on directors

May 10, 2022

ATO, Company, Director, GST, PAYG, Superannuation

Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored. The director penalty regime ensures that directors are personally liable…

What’s changing on 1 July 2022?

May 10, 2022

Emma Zajac

First Home Owner, GST, Home Loans, PAYG, Retirement, Small Business, Superannuation, Superannuation guarantee, tax instalments

A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For Business Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12% on 1 July…

‘Increase the rate, broaden the base’: Looking at GST 20 years on

Looking at GST 20 years on: ‘Increase the rate, broaden the base’

April 27, 2021

Emma Zajac

Business Tax, Debate, Economy, Funding, Goods and Services Tax, GST, GST Rate, NSW Government, Small Business, Small Business Tax, Tax

Consumption tax should be raised to 20 per cent or broadened to cover a wider base, says tax experts as debate over the GST rages on. At a tax reform conference hosted by the Blueprint Institute in Sydney on Monday, a panel of tax experts each had varying suggestions to government on the ways the…

New JobKeeper 2.0 Rule Removes ‘Smorgasbord’ of Attribution Options

September 23, 2020

Emma Zajac

ATO, BAS, business, Business Owner, Capital Assets, COVID, COVID-19, COVID19, GST, Jobkeeper, Jobkeeper 2.0, Stimulus Package, Tax, Turnover Test

The new rules regarding the basis of accounting that an entity is required to use in calculating actual GST turnover for JobKeeper 2.0 could now throw up fresh issues for businesses. The Tax Commissioner’s determination issued on Wednesday has now set out that supplies must be allocated to a period on a GST reporting basis,…

ATO ramps up heat on directors

What’s changing on 1 July 2022?

Looking at GST 20 years on: ‘Increase the rate, broaden the base’

New JobKeeper 2.0 Rule Removes ‘Smorgasbord’ of Attribution Options

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