These steps help businesses use online services to nominate an agent. On this page About client-to-agent linking steps Businesses can use our online services to nominate an agent. These steps are for clients who need to nominate an agent. You only need…
How to authorise an agent in Online services for business as part of the agent nomination process. On this page About the agent nomination process The agent nomination process is a new requirement to help ensure only your authorised tax…
When was the last time you checked your Australian business number (ABN) details on the Australian Business Register (ABR)? If you’re not sure, it’s time to check your details are up to date. Emergency services and government agencies use ABN…
If you’re in business, it’s important to know the difference between business losses and non-commercial losses. When it comes to business losses, you generally make a business tax loss when the total deductions you can claim for an income year exceed the total…
If your business supplies food and breakfast products that consist mostly of seeds or nuts, you may need to include goods and services tax (GST) in the selling price. GST applies to food products that consist principally of seeds or…
The GST detailed food list shows the GST status of major food and beverage product lines. We’ve recently made about 30 minor updates to the list, including: We’ll continue to make updates in future and consult industry on more substantial changes….
Are you aware of when you can and can’t claim GST input tax credits on employee reimbursements? You may be entitled to claim GST input tax credits for payments you’ve made to reimburse employees for a taxable expense that’s directly related to…
Australian GST may apply to you for retail sales of imported services, digital products or low value imported goods. If you sell goods and services into Australia, GST may apply to your sales. This page provides specific information for you…
It’s true, the JobKeeper bill passed yesterday, however we are still waiting on more information from Treasury and the ATO. Please see our update in link below. https://tbaconsultants.com.au/wp-content/uploads/2020/04/JobKeeper-Update.pdf As soon as more information is available, we will provide you with a more…
COVID-19 JOBKEEPER PAYMENT – REMINDER & UPDATE (Legislation is expected to be passed very soon, therefore this information is still considered general in nature and has been obtained by relevant fact sheets) Eligible Employers get a head start and have this…
COVID-19 Business Support Fund Has your business been subject to closure or has been highly impacted by Victoria’s shutdown restrictions announced to date. Funding of $10,000 per business is available and will be allocated through a grant process. Please check your Eligibility Requirements Businesses…
Our first thoughts are with you and your families, and trust you remain safe and healthy. We have developed a summary attached to assist you and your business to cope with the economic impact of the Coronavirus. These are times…
In light of the recent developments around the Coronavirus (or COVID-19) and the uncertainty we are all facing day to day, we felt it is important to email you to assure you that we expect no major interruptions to the…
No-cost and low-cost Single Touch Payroll solutions There will be a range of no-cost and low-cost Single Touch Payroll (STP) solutions available in the market from early 2019. These solutions will best suit micro employers (with one to four employees)…