Goods imported into Australia - often by consumers using the internet - which cost less than $1,000 are currently GST-free. On May 3 2016, as part of its package of Budget Night announcements, the Federal government proposed that, as of 1 July 2017, this low-value threshold ('LVT') of $1,0000 will be abolished. The removal of the LVT will see many day-to-day purchases made by individuals (and businesses) over the internet from an overseas vendor being subject to GST (whereas, as stated above, they are currently exempt). It is proposed that, as of 1 July 2017, overseas businesses with an Australian turnover of greater than...Find Out More
Since the Federal Budget on 3 May 2016, many superannuation strategies have carried a significant element...Find Out More
Family trusts are among the most useful, flexible and often underutilised entities, especially in business...Find Out More
“As a fast growing company in the software industry, we need assistance across a wide range of services including accounting, tax, payroll, compliance and general advice and support from time to time.
The team at SME have been consistent and flexible with their invaluable support and guidance over the past 10 years, a time during which we have grown from zero to a multi-million dollar a year business.”Hennie Laubsher, Managing Director, SourceCode ANZ Pty Ltd
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