It’s that time of year when some of you may have received a tax bill from the ATO. Depending on the amount, it can sometimes be a stretch to pay it off in one go, meaning you need to sign up to a payment plan and pay in predetermined instalments over time. So if you […]
Everything you need to know about ATO payment plans Read More »
The Australian Taxation Office (ATO) has announced its 2022 tax-time hit list. The four priorities for the ATO this tax time are: Record-keeping Work-related expenses Rental property income and deductions Capital gains from crypto assets, property and shares ATO assistant commissioner Tim Loh said the ATO was targeting problem areas where it saw people making mistakes.
Four priorities for the ATO this tax time Read More »
The JobMaker Hiring Credit is an incentive for eligible businesses to employee additional eligible young (16 to 35-year-old) job seekers. Am I an eligible business? To be eligible to receive the JobMaker hiring credit, you need to: Be an ABN holder Ensure you tax lodgements are updated Be registered for PAYG Be reporting through Single
JobMaker Hiring Credit scheme explained Read More »
The first day of July 2020 heralds the start of FY20/21 and after a rocky six months for all Australians, there are many important financial changes business owners need to get across. In this article, we discuss the most substantial legal changes from 1 July impacting businesses of all sizes and industries. Minimum wage increasing
Important financial changes from 1 July 2020 Read More »
It’s been a ‘business as unusual’ year for business owners and taxpayers and this EOFY will be even more critical than others. To get the most out of your tax return, these top fourteen key deductions mustn’t be overlooked. More importantly than ever, to make the most of and be eligible to receive these deductions,
Top fourteen tax deductions for Tax Time 2020 Read More »
The world of employment law is constantly evolving and ever-changing. This year alone has seen the compulsory introduction of Single Touch Payroll and a number of very important employment law updates. If you take your eyes off the ball, it’s likely you will miss something and may find yourself and your business in trouble with
Single Touch Payroll and Employment Law Updates 2019 Read More »
Learn more about the ATO’s crackdown on dubious deductions and who they’re targeting come tax time.
The ATO’s focus on tax deductions and their targets for 2019 Read More »
Every so often the Australian Taxation Office (ATO) sends a ‘shot across the bow’ warning taxpayers where their gaze is focused. Last month in a speech to the National Press Club, Tax Commissioner Chris Jordan did exactly that. Part of the reason for this public outing is the gap between the amount of tax the
The Tax Commissioner’s Hit List Read More »
Last month, Parliament passed legislation that will see GST applied to all consumer imports regardless of their value. Currently, imports below $1,000 are excluded from GST.
GST on imports: new rules for goods under $1,000 Read More »
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