-
Small Business – Get ready for tax time
Posted by Team AVS on 25 Jun, 2024 0 CommentsAre you ready for tax time?
This might be your last chance to make any tax-deductible purchases before this financial year ends on 30 June. See if there are any tax-deductible items your business needs, or any concessions you can access.
Finalize your employees' Single Touch Payroll (STP)
If you have employees, make sure you finalize their 2023–24 STP information by 14 July. This is an important end-of-year obligation and ensure
We’re checking that the small business restructure roll-over is being used correctly.
We’re concerned some wealthy groups are using the small business restructure roll-over (SBRR) for reasons other than a genuine restructure of an ongoing business.
The SBRR allows the tax-free transfer of active assets from one entity to another, but only when that transfer is part of a genuine restructure.
We’re engaging with some tax profession
We’re concerned some wealthy groups are using the small business restructure roll-over (SBRR) for reasons other than a genuine restructure of an ongoing business.
The SBRR allows the tax-free transfer of active assets from one entity to another, but only when that transfer is part of a genuine restructure.
We’re engaging with some tax profession
AVS BusinessServices @ What the