Are you a new or existing contractor? If you are a contractor you are responsible for running your own business, this includes having and ABN, insurance coverage, paying personal income tax and superannuation contributions. As a contractor or sole trader, you will also be responsible for declaring all income and expenses incurred during the financial […]
MyGov
MyGov MyGov is a fast, simple way to access government services online. MyGov is a secure account that allows you link a range of Australian Government services with one username and password, all in one place. When you create a myGov account, it allows you to link: Medicare Australian Taxation Office Manage ABN Connections Centrelink Australian JobSearch […]
Registering a SMSF for an ABN
By Bottrell Group on September 2, 2015 in Australian Tax Office Updates, Interesting Articles, The Bottrell Office
Registering an SMSF for an ABN Gavin: The ATO has provided the following advice regarding registering a SMSF for an ABN. The guidance is probably most relevant where a person aged over 65, who is not working, wishes to set up a new SMSF and roll over into that SMSF an amount from another fund. If […]
Check Out The ATO’s apps plus other online tools
Check Out The ATO’s apps plus other online tools As a result of user feedback, the ATO has improved their ATO Small Business app and it continues to expand in functionality and usability. Check Out The ATO’s apps plus other online tools by visiting the ATO website. The most useful features for small business include: ¨ […]
New lodgement option for Super Guarantee Charge Statement
New lodgement option for Super Guarantee Charge Statement In January 2015, the Australian Taxation Office (ATO) announced the option to lodge Super Guarantee Charge (SGC) statements electronically via the Business Portal. An SGC statement must be lodged if there is a super guarantee or choice shortfall for any quarter, i.e. if payment is proposed to […]
How to Register a New Business
How to Register a New Business When setting up a new business it will need to be registered. In order to get the Australian business number to allow you to trade, you can go online to the Australian Business register and find out what you will have to do. This is also the process if […]
ATO contact numbers- Individual entities
ATO contact numbers- Individual entities Phone number Self-help service What you can do 13 28 65 Individuals Enquire about the progress of your lodgments Search for your lost super Apply for refund of GST credits Make a payment arrangement 13 72 26 Business Lodge your: NIL activity statement NIL annual GST return GST or PAYG […]
Increase in the Medicare Levy
Increase in the Medicare Levy By now, most of you will be aware of the government’s decision to increase the Medicare levy by 0.5% to fund Australia’s DisabilityCare program. From July 1, 2014, the Medicare levy will increase from 1.5% to 2% of taxable income. What many people may not realise however is that […]
