Business News

 

July 16: 2013-14, ATO crack downs on SME

Included in the ATO's sights are:
-    SME Income; failure to fully disclose
-    CGT; failure to report gains or falsely claiming concessions
-    Misuse of trusts; tax avoidance/evasion
-    contractors; actually employees
-    FBT; cars
-    PAYG withholding: compliance

 

July 10:  Refused redundancy leads to tribunal hearing

In all instances of redundancy remember:
    -    Fair reason; must be genuine not poor performance
    -    Due process; legal and PR - is as much for staff that remain
    -    Payout; get it right 1^st time
It's stressful

 

 

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