ATO will be looking at ways to cleanup the ABN register

Applying for ABN made tougher. They review ABN applications to ensure only genuine businesses get, and keep, an ABN. For each false or misleading statement made in ABN application, a penalty of up to $12,600 may be applied. They validate your application information with other agencies like center-link, Immigration etc., Will your activities be carried …

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AUSTRALIAN-FEDERAL-BUDGET-2018

Australian Federal budget 2018-19

Highlights of the Australian Federal budget 2018-19   Personal Income Tax Plan A new offset for low and middle income upto a maximum of 530 pa introduced; This offset will be received as a lump sum on assessment after individuals lodge their tax returns. Medicare Levy stays at 2% for now (2.5 was proposed but not …

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