We are extremely proud to announce that Shannon Smit, has been appointed to the Board of Taxation’s Advisory Panel for 2016. The Board's Advisory Panel is made up of "Australia’s most talented and respected taxation experts" (as quoted on the Board's website).Shannon has held a previous position with the Australian Government’s Board of Taxation’s Expert Panel, however this will be Shannon’s first year as a member of the Advisory Panel.
The ATO will stop accepting direct credit card payments from 1 December 2026, requiring businesses and individuals to switch to alternative payment methods such as debit card, BPAY, EFT or bank account direct debit. While the change affects only a small percentage of taxpayers, businesses that rely on credit cards to manage cash flow or fund ATO payment plans should act now to update arrangements, avoid missed payments and prepare for the cash flow impact of having tax obligations funded from available business funds.
Hiring entertainers, promotional staff or event contractors for your Christmas function could create superannuation obligations you didn't expect.
