Are you a new or existing contractor?
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 […]
CGT: Keep the right records
CGT: Keep the right records The ATO has reminded taxpayers that they should keep all records of purchases or acquisitions of assets that may be subject to CGT, and records relating to their sale or disposal. Records should show: the nature of the act, transaction, event or circumstance; how it resulted in a capital gain […]
