When cash flow gets tight, corporate compliance is often the first casualty. Some directors also think that if a tax debt can’t be paid, that it’s best not to lodge any tax returns. Here are 7 reasons why it’s best to keep tax lodgements up to date and accurate – even if they can’t be paid! The traditional 21 day Director Penalty Notice (DPN) Where a company has a PAYG

The payment of goods and services tax (GST) in respect of certain new residential property sales has recently been turned on its head! Commencing 1 July 2018, buyers of new residential premises (other than commercial residential premises or new residential premises created through substantial renovation) or subdivisions of potential residential land (by way of sale or long-term lease) are required to withhold an amount representing the GST, and remit this

Fuel tax credit rates have increased for eligible fuel acquired from 2 February 2015, due to a rise in the consumer price index (CPI). Rates are indexed twice a year in line with the CPI – generally on 1 February and 1 August. What you need to do If the team at Business Wise are responsible for managing your fuel tax credits, then you do not need to do anything