“Cloud Computing has changed the way we use software and hardware. Cloud is no more just a new possibility in the field of technology. This has become the standard. As an Idcrex client, we give you the facility to keep your records on cloud. Please contact us for a detailed presentation” What is cloud computing? Cloud computing […]
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Category: Australian tax updates
by: Jomon JK
Petroleum resource rent tax
Petroleum resource rent tax: character of expenditure incurred in relation to abandonment, decommissioning and rehabilitation activities undertaken on a part of a petroleum project Summary – what this ruling is about? 1. This ruling is about the characterisation of abandonment, decommissioning and rehabilitation expenditure (ADRE) incurred on a part of a petroleum project prior to […]
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Trainee – Australian Accounting Job Description Analyst will be performing day to day online accounting services to clients in Australia. His/Her roles and responsibilities would include; Ensure daily, weekly and monthly deliverable are addressed as per client requirement in Services Agreements Responds to questions from customers and internal staff members regarding area activities. Maintains daily, […]
DetailsHow do I select the right bookkeeper for my business?
Bookkeepers manage the most delicate and important component of accounting. Any error within bookkeeping may come with a cause and effect upon accounting. This is actually the reason why it’s essential that you select your bookkeepers thoroughly. Understanding how to choose the right bookkeeper is very important for the success of one’s business. Therefore how […]
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Category: Australian tax updates
by: Jomon JK
Pre-payments
You can prepay amounts towards your expected tax bill. Pre-payments can help you stay on top of your tax and avoid falling into debt. To make a pre-payment, you simply need to: get the correct payment reference number decide how much to pay choose a payment method. You must use the correct payment reference number […]
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Category: Australian tax updates
by: Jomon JK
Single Touch Payroll-reporting starts 1 July 2018
Single Touch Payroll (STP) reporting becomes mandatory for employers with 20 or more employees from 1 July 2018. Single Touch Payroll will continue to keep you and your employer clients updated on what you need to do and when. We are working on detailed guidance for our website and will let you know when this […]
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Category: Australian tax updates
by: Jomon JK
Similar tax obligations for taxi drivers apply to ride-sourcing providers.
If you have a ride-sourcing enterprise; Get an Australian business number Register for GST regardless of how much you earn (ride-sourcing is taxi travel for GST purposes) Pay GST on the full fare Only claim GST credits related to transporting passengers for a fare Lodge business activity statements Know how to issue a tax invoice […]
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