Blog
View a selection of articles and blog posts by Trak Accounting.
You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k issued. But it wasn’t you. And you certainly didn’t get a $100k refund in your bank account. What happens now? In what is rapidly becoming the most common tax scam,Read More »
The cost of living has eased over the past year but consumers are still under pressure. For business, planning is the key to managing Christmas volatility. The countdown to Christmas is on and we’re in the midst ofa headlong rush to maximise any remaining opportunities before the Christmas lull. Busy period or not, Christmas causesRead More »
Directors are now required to register for a unique identification number that they will keep for life.
Cryptocurrencies, like Bitcoin, are independent and not regulated by any central authority. Until recently, these digital currencies were not treated in the same way as cash for tax purposes in Australia.
In late February 2022, the ATO released tax policy changes that would stop the usual trust distributions to family members. This is one of the most important developments in trust taxation in over 20 years.