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Looking to buy a home? You may soon need to withhold and remit GST

Posted by Team AVS on 29 Jun, 2018  0 Comments

With the end of the financial year in sight, there is one more thing you will need to be aware of regarding changes to the tax landscape — especially those thinking of purchasing a residential property.

From 1 July this year, buyers of new residential premises (or “potential residential land”) will be required to withhold an amount from the contract price for GST and remit this directly to the ATO on or before settlement.

The sorts of

Your car expenses claims to get the blowtorch treatment this tax time

Posted by Team AVS on 21 Jun, 2018  0 Comments

Assistant Commissioner Kath Anderson has announced that the ATO is particularly concerned about taxpayers either making mistakes or deliberately lodging false claims in relation to work-related car expenses over tax time 2018.

“Last year around 3.5 million people made a work-related car expense claims, and together they totalled about $8.8 billion,” Anderson says. “Now that’s a lot of money — and Australians expect us to make sure

Managing tax disputes can be like wrestling with a superhero

Posted by Team AVS on 14 Jun, 2018  0 Comments

It is sometimes said that a superhero like the DC Comics character Superman can be an uninteresting character because he is, for all practical purposes, indestructible. Critics have said the knowledge that he will most likely win can make Superman’s adventures monotonous.

A similar accusation could be levelled at the Federal Commissioner of Taxation (the flesh and bone personification of the ATO). To most people, including a hefty majority o

Are your Precious possessions out of burglars’ reach?

Posted by Team AVS on 5 Jun, 2018  0 Comments

Although we are all aware of thefts, we tend to think that it will never happen to us. But as thousands of home owners find out every year, it can happen to anyone of us.

Sure, we are often taught techniques to avoid house burglary, such as leaving the lights on while we’re out or install a security alarm. But burglars have been known to override these measures. With theft on the rise, it is obvious that our valuables may not always be safe

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