In This Edition:
Heading overseas for that trip of a lifetime? There could be a few simple steps you can take to ensure all is in order tax-wise, both while you¹re away and after you return.
We also look at trust distribution resolutions, whether your backyard projects are considered a business or a hobby by the taxman, and simple measures to be aware of that can reduce the tax you pay on your small business.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
Click here to view our August 2019 Newsletter...
Taxable Payments Annual Report (TPAR)
You may need to lodge a Taxable payments annual report (TPAR) by 28 August each year, if you're a business or contractor providing the following services:
- building and construction
An ATO supplied fact sheet on taxable payments annual reports is a handy resource: Download it here
GJB's Online Portal
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Should you require more information regarding any topic covered in our newsletter, please contact GJB on 02 9686 3130 for advice on #yourself, #yourbusiness or #yoursuper.
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Disclaimer: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.