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North Advisory Accountancy Blog

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Merry Christmas from North Advisory

Posted December 23, 2016 by North Advisory

From all of us at North Advisory, we wish you and your family a Merry Christmas and a Happy New Year. Please be advised that…

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Contributions – what the changed concessional and non-concessional caps may mean for you

Posted December 20, 2016 by North Advisory

With many of the changes announced in the 2016 Federal Budget now passed by Parliament, there is an amount of certainty that you can have…

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ATO digital services and systems downtime

Posted December 13, 2016 by North Advisory

UPDATE: As of 14th December 2016, it appears that the ATO website is back up and running along with the Tax Agent Portal and BAS…

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ATO data matching program – ride sourcing

Posted December 13, 2016 by North Advisory

The ATO has advised that it will be collecting data to identify individuals engaged in providing ride-sourcing services during the 2016/17 and 2017/18 financial years….

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Super reform Bills receive assent

Posted December 12, 2016 by North Advisory

Two of the three Bills that formed the superannuation reform package first announced by the government in the 2016 Federal Budget have received assent. The…

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Foreign resident capital gains withholding rate variation application

Posted December 8, 2016 by North Advisory

The ATO has updated its instructions to vendors seeking a reduction in the withholding rate that will apply to the sale of certain taxable Australian…

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Simpler Business Activity Statement (BAS) for small businesses from 1 July 2017

Posted December 7, 2016 by North Advisory

A simpler BAS will become the default GST reporting method for all small businesses from 1 July 2017. This measure was originally announced in the…

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Trading Hours during Christmas and New Year period

Posted November 28, 2016 by North Advisory

The Christmas and New Year holiday season is fast approaching. This year, our office will be closed from midday Friday 23rd December 2016 and reopen…

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Review of tax deduction rules for non-compulsory uniform expenses

Posted November 21, 2016 by North Advisory

The government has released a consultation paper on its review of the tax deduction rules for non-compulsory uniform expenses. Division 34 of ITAA 1997 provides…

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GST and countertrade transactions

Posted November 21, 2016 by North Advisory

The Commissioner has issued Practical Compliance Guideline PCG 2016/18 which outlines a practical compliance approach for certain countertrade transactions that are GST neutral. In this…

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