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Monthly Archive for: ‘January, 2019’
Down but not out As the global economy enters its tenth year of expansion following the global financial crisis, concerns are growing that a recession may be imminent.
With the taxable payments reporting system now set to cover five different industries, in-house and external bookkeepers have been urged to start ensuring business clients start keeping records of contractor payments.
The Australian Taxation Office now uses sophisticated data analytics to assess a range of deductions and claims. Taxpayers must follow three golden rules when making a deduction: the taxpayer must have spent the money (and not been reimbursed); the claim must be directly related to earning the taxpayer’s income; they must keep records to prove …
Please click on the following link to see all this interesting information. The areas covered are: Overview Markets GDP Labour Prices Money Trade Government Business Consumer Housing Taxes Climate Access all this data here. tradingeconomics.com
Small and medium businesses are set for a busy year of tax promises as political parties look to sway voters ahead of a Federal Election, says one mid-tier.
APRA will remove its cap on interest-only loans from next year, a move which is set to open more financing options for clients in 2019.
If you feel a bit aggrieved by having to move away from a workable interest only loan then you won't be alone. Apparently there are 900,000 loans in the same boat!
The ATO has noticed an increasing trend of scammers demanding tax payments through Bitcoin and ATMs. The ATO’s advice is simple; it will never ask a person to make a payment into an ATM or via gift or pre-paid cards such as iTunes and Visa cards or ask for direct credit to be paid …