Author's Articles

• 27
  May

  Get your taxable payments done with MYOB

  Businesses, End of Financial Year, Featured, Tax Resources

  If your business is in the building and construction industry, you might have heard of changes in your financial year reporting. Last year, the government introduced taxable payments reporting to improve tax compliance within the building and construction industry. Businesses are now required to report the total payments made to each contractor for building and construction services to the ATO, dating back from 1s

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• 10
  Apr

  Tax Update: Will the price of blended wine rise?

  Businesses, Featured

  We love Australian wines. It’s almost a table staple when you’re entertaining at home or just a quiet night in alone after a busy long week. Late last year, subtle changes were made to the wine equalisation tax in Australia that could translate to a price increase to some of your favourite wines.

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• 01
  Aug

  Tax free threshold increases to $18,200

  LiveWire

  Hi All, With the recent May 2012 Federal Budget, the government announced that the tax free threshold for Australian residents will increase from 1st July 2012 to $18,200. This should see a nice saving of tax for low income earners. What you may not realise, is if you are “certain” your income from 2 or more jobs in total will not exceed $18,200 for the financial year, you can claim the tax free threshold o

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• 30
  Jul

  LiveAccounts product update – what’s on the go?

  Businesses, Featured, From MYOB, LiveWire

  Hello! It’s been an incredibly busy time here in the LiveAccounts development room. We really hope you’re enjoying the changes we’re making. As you’re probably aware, our main development work recently has  been around payroll. We were so excited to release payroll for our New Zealand clients on 1 April, ready for the new financial year. The feedback we’ve received has been great which pleases us no

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• 15
  Jun

  Are you in the building and construction industry?

  Businesses, From MYOB, LiveWire

  From 1 July 2012, businesses in Australia, who are in the building and construction industry need to report to the ATO each year, the total payments they make to each contractor for building and construction services. Businesses need to report if they: are in the building and construction industry make payments to contractors for building and construction services, and have an Australian business number (A

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• 17
  May

  Increase in tax free threshold

  LiveWire

  During budget week, the government raised the tax free threshold from $6,000 to $18,200. This means employees don’t start paying income tax until they earn over $18,200. That represents a great tax saving – however in true yin/yang style, some tax rates have gone up. Below is a small table I created showing the tax savings an employee could receive on salaries of $40K, $60K and $80K.

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