If you are not able to deduct your business activity loss in the current year because of the non-commercial loss rules, you will need to defer your loss for use in a later year. read more
The Australian Tax Office has obtained data from eBay Australia and Trading Post Australia to assess the level of taxation compliance of individuals and businesses that sell goods or services online. read more
Details on the changes to tax invoices and recipient created tax invoices (RCTIs) being introduced from 1 July 2010 as part of the Board of Taxation's review of the legal framework for the administration of GST. read more
These are the key rates and thresholds that apply in relation to contributions and benefits, employment termination payments, superannuation guarantee and co-contributions. read more