“The phrase “EOFY reporting” can make even the most organised SME owners sweat. But with good planning and a solid checklist – it doesn’t have to.83 per cent of SMEsanticipating growth in the next year, maximising their tax deduction benefits will be critical to setting them on the r...
By claiming the tax free threshold, you do not pay tax on the first $18,200 you earn during the financial year. By ticking “no” on your Tax Declaration Form, your income will be taxed at a higher rate, leaving you with less money in your pocket each pay. ...
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Reduced input tax credits (RITC) recoverable by the Group from the ATO are recognised as receivables in the statement of Financial Position. 24 ABACUS PROPERTY GROUP NOTES TO THE FINANCIAL STATEMENTS 30 June 2005 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued (s) Employee entitlements ...