GST

Fending Off GST Audits

The Government has welcomed the actions of an ATO-led taskforce in relation to what is termed “the biggest GST fraud in Australia’s history”. The ATO states that the fraud was first detected in early 2022 and involved offenders inventing fake businesses and ABN applications, then submitting fictitious Business Activity Statements in an attempt to gain […]

Fending Off GST Audits Read More »

Are you eligible for the 'going concern' GST exemption? - image

GST “Going Concern” Exemption

What is the ‘going concern’ GST exemption? The “Going concern” exemption for GST purposes has been in place for many years. A “going concern” refers to an enterprise’s ability to continue trading, with the sale of that business generally eligible to be GST-free if the enterprise is deemed as such. The GST exemption has its

GST “Going Concern” Exemption Read More »

Scroll to Top
Call Now Button