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CreditorWatch Blog

End of Financial Year Planning 2018: Business Considerations

End of Financial Year Planning 2018: Business Considerations

With 30 June 2018 fast approaching, now is a good time to ensure your year-end strategies are in place. In doing so, it is worthwhile considering the following list of ‘Business Considerations’. Base rate entities From 1 July 2017, the tax rate for companies that meet the definition of a “base rate entity” is 27.5%. […]

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Transparency of unsettled tax debts to affect business credit ratings

Transparency of unsettled tax debts to affect business credit ratings

A new arrangement will come into effect from 1 July 2017 that will allow the Australian Tax Office to contribute information to credit reporting bureaus (including CreditorWatch) about Australian businesses with unsettled tax debts over $10,000 that are 90 days overdue. Businesses that have not paid their tax debts to the ATO will likely hurt […]

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