10 steps towards the new regime

Article Abstract:

Australian companies should prepare for compliance with the new goods and services tax law by assigning the responsibility to one designated person, probably an accountant. Company activities should be categorized to show which are subject to the input tax, which starts on July 1, 2000. Free training seminars will be provided by the tax office.

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Black is bountiful

Article Abstract:

Issues are presented concerning the strength of the cash economy in Australia which consisted of 13% of gross domestic product in 2000. The role of the Australian Tax Office's cash-economy taskforce is discussed.

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Snip in the red tape

Article Abstract:

The key tax changes announced in the 2004-05 budget are discussed. The small business concerns about compliance and red tape are given due consideration.

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