Are You Carrying
on a Business?
MY TAX SAVERS
With the Government being returned at the 18 May
Federal Election, this article looks at what this may
mean from a tax perspective.
The Taxable Payments Reporting System
has recently been expanded to several more
industries. This article informs business owners
whether they will be caught within these new
rules and be required to report.
New laws now protect those who wish to blow the whistle
on other taxpayers for non-compliance with the tax laws.
This has implications for taxpayers, business and tax agents
Many deadlines are imminent over the
next couple of months. Don’t be late!
Published by My Tax Savers, P.O.Box 2255 Southport BC 4215 Email: email@example.com Phone: 1800 SAVETAX
Web: www.mytaxsavers.com.au. My Tax Savers is a trading name of My Tax Savers Pty Ltd ABN 85 059 305 976.
Print Post Approved 100019425
The ATO recently finalised its position on
when a company will be deemed to be
carrying on a business. This is important
for the purposes of accessing a range of tax
concessions. Does your business qualify?