Secure Client Login Click here to login to our
secure client area
Tools & Resources Click here to access our
handy tools and resources
At Lawrence Business Management, we keep you up-to-date on issues affecting your business...
May Tax News
To view full versions of all articles below, click here
Flood levy passed on incomes over $50k A new flood levy has been passed and will impose a 0.5% levy on incomes ranging from $50,001 to $100,000 and 1% on incomes above $100,000...More Info ATO crackdown on personal services entities The ATO is undertaking a project to collect information on amounts paid to personal services entities/ individuals by labour hire firms, placement agencies and computer consultancies to identify non-compliance in relation to lodgment and payment obligations...More Info
ATO withdraws cash sales benchmarks The ATO's cash sales benchmarks for 15 industries (released in November 2010) have now been withdrawn, after a review of the data established inconsistencies. The ATO is set to release updated benchmarks later this year. Find out if your industry is affected...More Info
Fringe Benefits Tax: Rates from 1 April 2011 The benchmark interest rate for the FBT year commencing 1 April 2011 is 7.80% p.a. This rate replaces the rate of 6.65% that applied for the previous FBT year...More Info
If you have any queries please don't hesitate to contact us