GST will be applied to Australian imports from July 2017

GST will be applied to Australian imports from July 2017

Posted on September 11, 2015 by ATB Chartered Accountants

All goods bought from overseas will face a 10 per cent goods and services tax from July 2017 under a landmark deal agreed to by state and territory treasurers.

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Deduction for home office expenses

Deduction for home office expenses

Posted on September 4, 2015 by ATB Chartered Accountants

The hourly rate determined by the ATO for deducting home office expenses has been increased from 34c to 45c per hour for individual taxpayers, effective 1 July 2014.

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August Exchange Rates

August exchange rates

Posted on September 4, 2015 by ATB Chartered Accountants

The ATO has released the average foreign exchange rates for the month of August 2015 for converting foreign income into Australian dollars.

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