The top 5 forgotten tax deductions

With tax time well underway, it is a good time to discuss deductions – especially deductions that are often missed by taxpayers like you. We surveyed our senior accountants and asked them “what are the top 5 forgotten deductions on individual tax returns?” – That is, deductions people can claim, but often forget or don’t know […]

Cancelling your GST Registration

You must cancel your GST registration within 21 days if your business has: – closed down – been sold – changed structure, for example, changed from a partnership to a company. For more information about cancelling your GST registration click here.

Correcting GST Errors

This guide explains how to correct GST errors you made on an earlier activity statement. In particular, it explains when you can correct GST errors on a later activity statement, in accordance with Goods and Services Tax: Correcting GST Errors Determination 2013 which took effect from 10 May 2013. Read more from the ATO…