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Did You Know

GST - The end of the going concern exemption.

 

Presently if you buy a business or an occupied commercial property, and both the vendor and purchaser agreed and were both registered, there would be no GST payable. This not only had  the cashflow advantage but also there was no (state) stamp duty levied on the GST. 

 

 

   

APRIL 2012 TAXATION UPDATE

This edition includes important information on:

- 2011/12 FBT return time
- SMSF trustee information packs
- New personal tax rates 2012/13
- Super contributions not in on time cost taxpayer dearly
 - ATO warns of 25,000 reports of scams last year
- Coffee shops now ATO tagret
 - Building industry data matching trade accounts.


CLICK HERE TO VIEW THE APRIL 2012 UPDATE

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