As of the 1st of July 2018, those who purchase new residential premises or potential residential land need to withhold an amount from the purchase price and pay it directly to the ATO on or before settlement.
We are excited to have our Managing Director, Dinesh Aggarwal, as the new president of the prestigious Wanneroo Business Association (WBA). The new board was appointed during the AGM held on 18th of July 2018 and was witnessed by members of the Wanneroo small business community. The city of Wanneroo Mayor- Tracy Roberts also graced the occasion.
A remarkable effort indeed!
We are proud to have emerged as finalists in 3 categories of the prestigious Australian Accounting Awards 2018 :
For a more detailed budget overview click here
If you are planning a foreign venture to import low-value goods, and would like to get a head start, contact one of our Foreign Business Professionals for tailored advice suited to your specific needs.
For more information on what this means for your business, click the link Here.
For even more information visit the Australian Treasury site for a comprehensive Q & A.
When it comes to fringe benefits tax (FBT), a simple mistake or omission can attract the ATO’s attention. Small businesses are encouraged to be mindful of focus areas that provide clarity in their reporting obligations and entitlements to avoid penalties from the statutory agency. Fortuna Advisory Group specialises in Tax and Compliance services that can save you the worry when lodging FBT during tax time.
