Avoid GST Classification Errors: ATO Guidance for Small and Medium Businesses Self-Review Tips for Food and Health Product GST Compliance GST classification errors can lead to significant under-reporting of GST Read More…
Navigating the Legal Landscape: Responsibilities of SMSF Trustees Understanding the Legislative Framework and Compliance Obligations for Self-Managed Super Funds As a trustee of a self-managed super fund (SMSF) there are responsibilities and rules you Read More…
Annual NFP Self-Review Return Requirement Ensuring Income Tax Exemption Eligibility for Non-Charitable Not-for-Profits Non-charitable not-for-profits (‘NFPs’) with an active ABN, including community service organisations, need to lodge an annual NFP Read More…
Understanding Family Trust Distribution Tax Key Considerations for Trustees and Entities to Avoid 47% FTDT on Distributions Outside the Family Group. Family trust distribution tax (‘FTDT’) is a special, 47%, Read More…
New Requirements for Non-Charitable NFPs: Annual Self-Review Returns Changes Effective July 2024 Mandate Annual Reviews for NFPs to Confirm Tax Exemption Status From 1 July 2024, non-charitable not-for-profits (‘NFPs’) with Read More…