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Recent Banks Group News

GST Turnover Thresholds

September 29, 2014

Where an entity is carrying on an enterprise (which could include the rental of a commercial property), the threshold question the taxpayer always needs to consider is whether they are required to be registered for GST by reason of exceeding …

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InfoBank Winter / Spring Edition

September 11, 2014

Incentiving Employees Many employers will want to incentivise their employees by way of offering equity in the business or providing bonus arrangements which align to the profitability of the business. In today’s market, there are many variances in the way …

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ATO Targets Performing Artists

August 27, 2014

On 21 August 2014, the ATO advised that they will commence a data matching program by matching royalty payments made by various organisations against income recognised in performing artist’s income tax returns.  Specifically, the ATO have advised that they will …

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Banks Group is an association of independent firms that operate in both Melbourne and Sydney under the same trading name. Neither the Melbourne Banks Group firm or the Sydney Banks Group firm are partners or agents of each other and shall not be liable for any act or omission of each other.