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Insights
QBCC Licence Compliance: Understanding Your Reporting Requirements
For operators within the Building & Construction industry, adhering to regulatory compliance and financial reporting is crucial for meeting the requirements set by the Queensland Building and Construction Commission (QBCC). This ensures the ongoing validity of the QBCC licence and the ability for businesses to complete existing work and undertake new projects.
Common Mistakes Found In Trust Account Audits
Management Rights owners, Real Estate Agents and Letting Agents must hold a current licence issued by the Office of Fair Trading (OFT) and ensure that their business complies with the relevant legislation. The OFT oversees the compliance of business operators with the legislation and can inspect agents’ trust account records at any time. Failure to adhere to requirements can lead to licence holders being issued with official warnings or infringement notices.
Management Letting Rights (MLR) and Real Estate Insights 2024
As we step into the third quarter of the 2024 year, let’s reflect on the key highlights from the MLR and Real-Estate industry during the first two quarters of the year.
2024 End Of Financial Year Tax Planning Strategies For Businesses
As we approach the end of the 2024 financial year, now is the perfect time for business owners to analyse the financial situation of their business in order to gain an understanding of the potential tax position for the 2024 financial year.
Business owners should consider engaging with their Accountant to undertake sometailored tax planning advice, where individualised strategies can be determined based on their circumstances and implemented prior to 30 June 2024. This can in fact reduce their tax liability and maximise deductions.
Fuel Tax Credits - New Credit Rates Update | February 2024
For businesses managing a vehicle fleet, or using fuel for business activities, the Fuel Tax Credits scheme can be an excellent route for operators to claim full or partial credits for the fuel tax (excise or customs duty) that's included in the price of fuel.
Fuel Tax Credits - New Credit Rates Update | August 2023
Read our latest Insights article on the newly updated Fuel Tax Credits rates now in effect via the link (blog.agredshaw.com.au)
For businesses managing a vehicle fleet, or using fuel for business activities, the Fuel Tax Credits scheme can be an excellent route for operators to claim full or partial credits for the fuel tax (excise or customs duty) that's included in the price of fuel.
Preparing your Management Rights for Audit
For Management Rights owners, remaining compliant with governing standards is an essential business and licensing requirement – regardless whether you are a seasoned operator or new to the industry.
ATO Priority Areas for the 2022 Financial Year
After two years of significant spending by the Government amid the COVID-19 pandemic in providing financial assistance to businesses and individuals, the Government will now be looking at ways to boost revenue and recoup the money spent to support the economy through the pandemic. With increased funding being provided to the ATO, we can expect to see a rise in the level of review and audit activity in areas the ATO believe mistakes are being made by taxpayers.
Fuel Tax Credits - New Credit Rates Update | February 2023
For businesses managing a vehicle fleet, or using fuel for business activities, the Fuel Tax Credits scheme can be an excellent route for operators to claim full or partial credits for the fuel tax (excise or customs duty) that's included in the price of fuel.
Fringe Benefit Tax - 2021 Insights & Updates
As we begin the 2021 Fringe Benefit Tax Year, it is important for SME businesses to continue to maintain their tax obligations - staying current and compliant during the especially unique time.