Paid contractors? Don’t forget your TPAR – due on 28 August

By Roger 8 October 2021Bookkeeping, building, Business, cleaning, Company, construction, Contractor, Highlights, information technology, subcontractor, Tax Tips, Taxable payments annual report, TPAR

What is TPAR If you have contracted out more services in the past year. This could mean you need to lodge a Taxable payments annual report (TPAR) for the first time. TPARs…

Basic Cryptocurrency Tax Implications

By Roger 25 July 2021Business, Assets, Bookkeeping, CGT, Cryptocurrencies, Cryptocurrency, Cryptocurrency tax, Record-Keeping

Do you have any cryptocurrencies? What should be reported when you sell? What about I am a day trader? Should I look at Cryptocurrency Tax Implications? Does the ATO know?…

The times you cannot claim GST credit

By Roger 2 February 2021Assets, BAS, Bookkeeping, Business, Can and Cannot, Company, GST, Record-Keeping

GST credits you cannot claim You can claim GST credits for most business purchases. However, some things are GST-free or that you can't claim for various reasons. If your suppliers…

What is Fuel tax credits

By Roger 1 February 2021Assets, BAS, Bookkeeping, Cars, CGT, Company, Fuel tax credits, Motor vehicles, Record-Keeping, Tax Tips

What is Fuel tax credits? Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in:…