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Tag : black economy

Good Habits

Proposed new record-keeping course

Posted on 17/02/2020 by Omnis Group

MYEFO – 2019/20 Treasury has released its Mid-Year Economic and Fiscal Outlook (‘MYEFO’) for 2019/20 forecasting a surplus of approximately $5 billion. One new tax-related measure of note in the Read More…

Posted in Business Accounting & Taxation | Tagged Australian Tax Office ATO, black economy, penalties, recordkeeping, Small business, taxpayers
Switching Business Accountants Perth is easier than your think

The ATO hits the road

Posted on 09/10/2019 by Omnis Group

Could you be a black economy target? The ATO plans to visit almost 10,000 businesses this financial year in all States and Territories, across a variety of industries, as part Read More…

Posted in Business Accounting & Taxation | Tagged assets, Australian Tax Office ATO, black economy, cash, contractors, employers, healthcare practitioners, income tax, lifestyle, reporting
business credit score

Latest ATO benchmarks released

Posted on 27/05/2019 by Omnis Group

ATO has released updated benchmark data from 1.5M small businesses around Australia To “help small businesses across the country . . . gauge the strength of their business and keep Read More…

Posted in Business Advisory & Strategy | Tagged Australian Tax Office ATO, benchmarks, black economy, data matching, income tax, profitability
cash flow

ATO cash economy

Posted on 13/05/2019 by Omnis Group

Continued focus on the cash economy ATO Assistant Commissioner Peter Holt has announced that, in the 2019/20 financial year, the ATO will be visiting a further 10,000 small businesses across Read More…

Posted in Business Accounting & Taxation | Tagged audit, Australian Tax Office ATO, benchmarks, black economy, business activity statement BAS, Cash flow, Small business
Good Habits

Taxable Payments Reporting System

Posted on 28/11/2018 by Omnis Group

Expansion of the TPRS The Taxable Payments Reporting System (TPRS) has been expanded to the cleaning and courier services industries from 1 July 2018. Businesses that have an ABN and Read More…

Posted in Business Accounting & Taxation | Tagged Australian Business Number ABN, black economy, Goods & Services Tax GST, reporting
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We are modern, forward thinking Business Accountants Perth, providing practical, proactive, real world advice and support that goes beyond the basic preparation and lodgement of tax returns, to identify opportunties for improvement in your business.

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