Taxable Payments – The Facts
May 23rd, 2013Taxable Payments – The Facts What is it? If you are an Australian business in the building and construction industry, you are now required to report to the ATO the total payments made each year to each contractor for building and construction services. The aim of the system is to improve compliance with tax obligations [...]
FBT Rates and Thresholds for 2011-12
June 24th, 2011The ATO has released five determinations dealing with FBT rates, thresholds, etc for the 2011–12 FBT year (ie the FBT year that commenced on 1 April 2011). • TD 2011/2: for the purposes of s 135C of the FBTAA, the record-keeping exemption threshold is $7,391 (was $7,190 for the 2010–11 FBT year). • TD 2011/3: [...]
