What's happening at BMK Partners in February??
The BMK Team will be attending Xero & MYOB Roadshows this month. These workshop are designed to further educate our accountants to the latest technology in cloud accounting software and to demonstrate how it can help small business. A number of our clients have converted to cloud based accounting software and are pleased with the time saving results and the ability to share information with us. We look forward to discussing your accounting software options with you. Pride &
How does the ATO treat Uber, Airbnb style services? What you need to know
Uber is calling for drivers, Airbnb is seeking more hosts but what are the implications of becoming part of the sharing economy? The basics of tax apply regardless of how you earn money. That is, even though you may be earning income from different sources or using different platforms to generate income, the fundamental tax issues remain the same. You don’t have to be carrying on a business to pay tax on income you earn. And, given that so many of these services are through
What now for the GST?
Fifteen years after the introduction of the GST in Australia debate still rages over what should be taxed and whether the GST rate should increase. Unless the Government changes the GST Act, any change requires the approval of the States and Territories. The Treasurers’ workshop late last month resolved to keep the GST rate at 10% but enable a series of other changes. We look at the key areas of change: GST on online products From 1 July 2017, the GST will be broadened to app
