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ATO here to help as new compliance program begins
Tax office boss vows empathetic approach to small businesses struggling under uncertain economic conditions, as new compliance program begins


Labor's 'simpler BAS option' for small biz
The Australian Labor Party has released its plan to relieve small businesses of some of the complexities of the BAS. The


Macfarlane blasts Labor's ‘BAS rip-off'
Labor's promised simplification of the GST reporting and reconciliation process will result in some small businesses paying too much GST


BAS, income-tax deadlines extended
Businesses lodging tax returns and Business Activity Statements (BAS) via a tax agent will be eligible for lodgment extensions following


Biz won't pay for errors on GST estimates
Businesses will not be hit with the full general interest charge (GIC) of 13.86% if the Tax Commissioner underestimates the


Biz will need full tax records for audits
Businesses choosing to use the new BAS lodgment system announced last week by the federal government need to be aware


BAS meeting described as a 'positive step'
Today's meeting of the government, the Australian Taxation Office and business groups has been described as a positive step. While the


Govt to ‘road test' BAS changes this week
Yesterday's meeting of the federal Cabinet resulted in a decision to make substantial adjustments to the Business Activity Statement (BAS),


Coalition may follow ALP on annual BAS
The federal Coalition government is expected to follow the lead of the Opposition and allow small businesses the choice of


CPAs welcome govt plans to simplify BAS
CPA Australia today welcomed the comments from the federal government about simplifying the BAS. "It is most encouraging that the Prime


PM to consider adjusting the BAS process
Prime Minister John Howard has indicated adjustments to the Business Activity Statement process are possible, following strong lobbying from business


Last chance for biz to claim WST credits
The Business Activity Statement (BAS) due on Sunday, February 4, represents the last chance for businesses to claim back any


First-time lessons for 2nd-time BAS lodgers
David Boydell, a taxation consultant for CPA Australia, has produced a list of tips for businesses in the lead up


Pollie's website seeks SME views on BAS
A Federal Labor Party politician has launched an online survey designed to enable small and medium-sized enterprises (SMEs) to present


Carmody says BAS guide can be relied on
Australian Tax Commissioner Michael Carmody says today's claim by some media that the newly produced booklet BAS Basics includes an


CPAs field questions on the second BAS
Professional body CPA Australia has addressed a number of the key issues facing most businesses preparing to lodge their second


All biz can use simplified BAS method: CPA
Almost all businesses are eligible to use the accounts method of completing the Business Activity Statement (BAS), which can halve


ATO offer personalised assistance on BAS
The Tax Office (ATO) will early next year announce a new initiative to deliver personalised assistance at an industry-specific level


Govt introduces Simplified Tax System Bill
The federal government has introduced legislation into the Parliament to implement the Simplified Tax System (STS), available to businesses with


Aust Tax Office provide GST relief on cars
The Tax Office (ATO) has confirmed it will accept personal credit-card statements as legitimate records to claim input-tax credits for


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Thursday, September 09, 2010