Free Consultation
LOGIN
Imposition of GST on 'low-value' foreign supplies
By WSCAdmin | Created on August 3, 2017
Parliament has passed legislation which applies GST to goods costing $1,000 or less supplied from offshore to Australian consumers from 1 July 2018.
Main residence exemption removed for non-residents
By WSCAdmin | Created on August 3, 2017
The Federal Budget announced that non-residents will no longer be able to access the main residence
The Tax Commissioner’s hit list
By WSCAdmin | Created on August 3, 2017
Every so often the Australian Taxation Office (ATO) sends a ‘shot across the bow’ warning taxpayers where their gaze is focussed.
GST applies to services or digital products bought from overseas
By WSCAdmin | Created on August 3, 2017
From 1 July 2017, GST applies to imported services and digital products from overseas, including:
Super concessions for first home savers and downsizers
By WSCAdmin | Created on August 3, 2017
Does superannuation offer an avenue to help downsizers and first home savers? The Government seems to think so.
New threshold for capital gains withholding
By WSCAdmin | Created on August 3, 2017
From 1 July 2017, where a foreign resident disposes of Australian real property with a market value of $750,000 or above..
ATO warning regarding work-related expense claims for 2017
By WSCAdmin | Created on August 3, 2017
The ATO is increasing attention, scrutiny and education on work-related expenses (WREs) this tax time.
What everyone selling a property valued at $750k or more needs to know
By WSCAdmin | Created on August 3, 2017
Every vendor selling a property needs to prove that they are a resident of Australia for tax purposes unless they are happy for the purchaser to withhold a 12.5% withholding tax
Car depreciation limit for 2017/18
By WSCAdmin | Created on August 3, 2017
The car limit for the 2017/18 income year is $57,581 (the same as the previous year). This amount limits depreciation deductions and GST input tax credits.
Change to travel expenses for truck drivers
By WSCAdmin | Created on August 3, 2017
Editor: The ATO has released its latest taxation determination on reasonable travel expenses, and it includes a big change for employee truck drivers.
