Our Recent Blogs
GST held to apply to sales of subdivided lots
The Administrative Review Tribunal ('ART') recently held that some sales of subdivided farmland were subject to GST as they were made by the taxpayer in the course of carrying on an enterprise.
ATO Implements Monthly GST Reporting for Non-Compliant Businesses
In a bid to improve tax compliance, the Australian Taxation Office (ATO) has announced that around 3,500 small businesses with a history of non-payment, late lodgement, or incorrect reporting will be required to shift from quarterly to monthly GST reporting starting 1 April 2025.
Salary Package Rental Property Expenses to Avoid GST
A smart salary packaging strategy for employees who own residential rental properties involves optimizing their expenses by selectively packaging certain costs related to the property.
Sale of land subject to GST.
The AAT recently held that the sale of land by a taxpayer was subject to GST, as it was a supply made in the course of an enterprise being carried on by the taxpayer.
GST Warning: Ride-share providers must be GST-registered.
In accordance with the GST Act, those offering 'taxi travel' services are obligated to register for GST, irrespective of their annual turnover (i.e. the usual $75,000 threshold does not apply).
‘Side hustles’ in the ATO’s sights.
A recent ATO article highlights the fact that it is increasingly trying to bring more modern techniques of money-making into its tax net. ‘Side hustles’ have really grown over the past few years — everything from the gig economy and drop shippers, to content creators and influencers.