Across the country, many individuals, trust or companies may be involved in a business that deals with primary production. These are primary producers involved in businesses undertaking plant or animal cultivation, fishing or pearling, tree farming or felling operations. Over the last few years, numerous challenges have arisen that primary producers have had to meet.…
Just like how individuals and businesses have to complete tax returns when it’s tax season, so too do trusts. Trusts have their own tax file number (TFN) that should be used to complete tax returns. Trusts can also apply for an Australian business number (ABN) on the condition that the trust carries on an enterprise.…
For Australians, many across the country are restricted in their options for mitigating the rising petrol prices once the fuel excise reaches its deadline in September. After halving the excise rates for petrol, diesel and all other fuel and petroleum-based products from 44.2 cents to 22.1 cents per litre, the expiration of the fuel excise…
Lodging your tax return for the 2021-22 financial year? As registered tax agents, we are able to assist you with the process of lodgement to ensure your compliance with the requirements of the ATO. To ensure that your return is correct, here are our top nine key items to be aware of. COVID-19 Support Payments/Natural…
