Insights

For SME business owners seeking a cash-injection to help build their product or service offering, tendering for Business Grants could be a simple, yet effective, solution to help in building your business.

Last year, the Australian Tax Office implemented new changes to the way GST Withholding is paid for certain property transactions - requiring additional processes and procedures to be undertaken.

Overnight, the Palaszczuk Government released their State Budget 2019-20, dedicating initiatives to help Queensland's business sector and continue growth across our State economy.

The Australian Federal Budget has now been delivered and the Opposition has responded.

A brief note below on some taxation matters that may impact your business and some announcements that are not yet law but might be useful for your business planning.

This week, the Federal Government passed legislation that requires employers of all sizes to electronically file each pay run with the ATO using Single Touch Payroll from 1 July 2019.

I have put together a handy tax update so you can ensure none of the following taxation topics have slipped past your radar.

Foreign Resident Capital Gains Withholding (FRCGW) first applied to vendors disposing of certain taxable Australian property under contracts entered into from 1 July 2016. A 10% non-final withholding was applied to these transactions at settlement.