From 1 January 2018, a vacant residential land tax will apply to homes in inner and middle Melbourne that are vacant for more than six months in the preceding calendar year. This is a new tax, and is different to land tax, the absentee owner surcharge and the deferral annual vacancy charge. The VRLT is […]
In early 2018 the ATO Small Business Superannuation Clearing House (SBSCH) will be moving to online services. You will be able to access the SBSCH using the Tax Agent portals, BAS portals or mygov account. The ATO will email SBSCH authorised contacts about the transition in due course. If you have any questions regarding this […]
The Fuel Tax Credit rates have increase from 1 July 2017 and 1 August 2017. Visit the ATO Website for information, or for further assistance relating to these changes, please contact our office.
In the 2017/18 Federal Budget the Government announced cuts to Payroll Tax for Regional Victorian Businesses. From 1 July 2017 Regional Victorian business may now qualify for a 25% cut in their payroll tax. Employers that pay at least 85% of their Victorian wages to employees working mainly in regional areas will be eligible for […]
From 1st July 2017, GST reporting on Business Activity Statement will become easier with Simpler BAS. All small businesses with an annual GST turnover of less than $10 million will be automatically moved to Simpler BAS. If your annual GST turnover is $10 million or more, your reporting requirements will remain the same. If you qualify […]
The 2017-18 Federal Budget was handed down by the Treasurer on Tuesday 9 May 2017. Highlights include: Notwithstanding speculation to the contrary, the Temporary Budget Repair Levy (levied at two percent of taxable income in excess of $180,000) will cease on 30 June this year as planned. The $20,000 immediate write-off for small businesses is being extended […]
TFN Declarations can now be downloaded and printed from the ATO website. Alternatively, employees can download the form, fill it in on screen and print it off. Make sure you have taken a copy for your records. The Original copy needs to be sent the ATO address on the form within 14 day. For more information or to […]
The Shepparton Festival launched on March 3 and runs until the 19 March. This year’s theme ‘Mapping Shepp’ has 52 events in a variety of spaces and places across Greater Shepparton. Stubbs Wallace are thrilled to be a part of this exciting festival again this year. We are now delighted to have unveiled the Festival […]
The ATO have recently introduced changes that mean if you are planning to travel overseas or are already overseas you now have the same repayment obligations as those who live in Australia. Click here to find out more or contact our office today to discuss your obligations.
The Fuel Tax Credit rates have increase from 1 February 2017. Visit the ATO Website for information, or for further assistance relating to these changes, please contact our office.