Goods and Services Tax (GST) Archives

CBA Calls for Bold Tax Reform: Cut Income Tax, Lift GST, Cap Super Perks

As Treasurer Jim Chalmers prepares for a major economic reform roundtable in August, the Commonwealth Bank of Australia (CBA) has weighed in with a strong call for bold tax reform—one that prioritizes productivity over politics. In its submission to the Productivity Commission, CBA urged the government to: Corporate tax cuts? Not a priority. In a […]

CBA Calls for Bold Tax Reform: Cut Income Tax, Lift GST, Cap Super Perks Read More »

ATO Releases Updated 2025 Supplementary Annual GST Return: What It Means for Large Businesses and How You Can Prepare

If your business is classified as a large enterprise or part of a multinational group, there’s an important update from the Australian Taxation Office (ATO) that may directly affect you. In June 2025, the updated Supplementary Annual GST Return (SAGR) for the 2024–25 financial year comes into effect—and it’s more detailed and structured than ever

ATO Releases Updated 2025 Supplementary Annual GST Return: What It Means for Large Businesses and How You Can Prepare Read More »

Online Shop Taxes Australia: All You Need to Know in 2024

Leave a Comment / Goods and Services Tax (GST), Tax / Justin

Online shop taxes in Australia got you stressed? We understand. From GST to income tax, navigating these waters can be overwhelming. But don’t worry, we’re here to simplify it for you! We’ll break down the essentials of online shop taxes in Australia so you can focus on growing your e-commerce business without the headache of

Online Shop Taxes Australia: All You Need to Know in 2024 Read More »

Maximizing GST Refunds for Small Businesses in Australia 2024

Leave a Comment / Goods and Services Tax (GST) / Justin

Understanding GST: Goods and Services Tax (GST) stands as a pivotal taxation component in Australia, applying a 10% levy to most goods, services, and transactions. For small business owners, comprehending GST and its implications is paramount to operational efficiency and tax compliance. Registering for GST: For businesses surpassing an annual turnover of $75,000, GST registration

Maximizing GST Refunds for Small Businesses in Australia 2024 Read More »

Want to pay less tax? This sacrifice could be worth making

Leave a Comment / Business Tax, Capital Gains Tax (CGT), Goods and Services Tax (GST), Land Tax, Tax / Justin

At first glance, “salary sacrificing” might sound like the last thing you’d want to do. But in reality, this strategy—also known as salary packaging—can be a smart move, especially when it comes to reducing your tax burden. By sacrificing a portion of your take-home pay in exchange for benefits from your employer, such as superannuation,

Want to pay less tax? This sacrifice could be worth making Read More »

Higher GST? Negative gearing changes? Why we’ve got to talk about tax

Leave a Comment / Goods and Services Tax (GST), Negative gearing tax return, Tax / Justin

As Australia’s population ages and the demand for costly services like health and aged care rises, the nation faces a pressing fiscal challenge. The last major tax reform, the Goods and Services Tax (GST), was introduced over two decades ago in 2000. With fewer working-age individuals contributing to income tax, the country is grappling with

Higher GST? Negative gearing changes? Why we’ve got to talk about tax Read More »

Understanding the Australian Goods and Services Tax (GST): Your Path to Financial Clarity

Leave a Comment / Goods and Services Tax (GST) / Justin

Australia’s taxation system is complex, with various taxes contributing to the government’s revenue. One of the most important components of this system is the Goods and Services Tax (GST). This article will provide a comprehensive overview of the Australian GST, its implications, and its impact on both businesses and consumers. What Is GST? The Goods

Understanding the Australian Goods and Services Tax (GST): Your Path to Financial Clarity Read More »