Tax Time 2022: businesses get ready
As the end of another tax year approaches, the ATO is reminding businesses that it’s time to:
What’s next on the agenda for the government?
With the election campaign finally over and a new government sworn in, many Australians will be wondering what a Labor government is likely to tackle over the next term. A helpful starting point is Labor’s election promises, which provide a useful indication of possible areas that will be targeted over the next few years.
One of the big tax policies that Labor took to the election was the party’s commitment to ensuring that multinationals pay their fair share of tax in Australia.
Employees vs contractors: more clarity coming
For many businesses, the line between employees and contractors is becoming increasingly blurred, partly due to the rise of the gig economy. However, businesses should be careful, as incorrectly classifying employees as contractors may be illegal and expose the business to various penalties and charges.
After 34 ½ years full-time in the Accounting Profession and 25 ½ years in full-time Practice from 1 July 2021 John Halys will be semi-retiring to enjoy life post full-time employment. For those who know John well you could say that he is taking his own advice.
Emma is buying John out of the partnership and the subsequently there will be a change in the business name to Emma Sells & Associates.