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ATO shifts non-compliant small businesses to monthly GST
Posted by Team AVS on 10 Mar, 2025 0 CommentsThe ATO will notify non-compliant small businesses when they are moved from quarterly to monthly GST reporting.
The Australian Taxation Office (ATO) has announced that from 1 April 2025, it will be moving around 3,500 small businesses with a history of non-payment, late or non-lodgment, or incorrect reporting from quarterly to monthly GST reporting to improve their compliance.
Moving to a monthly reporting and payment cycle can help small
How to claim income tax deductions for work-related expenses and other expenses, and record your deductions.
How tax deductions work
You can claim some of your expenses as deductions in your tax return.
The expenses you can claim are mostly related to earning your income, but there are a few (such as donations) that aren't related to earning income.
Deductions reduce your taxable income.
It works like this:
your assessable incom
How tax deductions work
You can claim some of your expenses as deductions in your tax return.
The expenses you can claim are mostly related to earning your income, but there are a few (such as donations) that aren't related to earning income.
Deductions reduce your taxable income.
It works like this:
your assessable incom