Taxation

Thumbnail image for Changes to Income Tax Rates and LITO [Video]
By April 10, 2012

By now, most people are probably aware that the tax-free threshold is going up. But what about some of the other changes that are on the way as a result of the Clean Energy reforms? The government have made good use of the media to let taxpayers know that they ...

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Thumbnail image for Means Test for Private Health Insurance Rebate [Video]
By March 10, 2012

As it stands at the moment, almost anyone under 65 in entitled to a 30% private health insurance rebate, and it’s even more if you’re over 65. Most people receive this benefit directly in the form of reduced insurance premiums. Otherwise, it can be claimed in your income tax return. There’s ...

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Thumbnail image for ATO Data Matching: Coffee Crackdown
By March 6, 2012

It’s widely known that the Tax Office counts restuarants, coffee shops and cafes amongst the high-risk cash economy businesses.  Data matching is one of the main indicators used to detect businesses under-reporting their cash income. So, in a continuing effort to combat these practices, the ATO is now taking a greater interest in the coffee industry. Coffee ...

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Thumbnail image for ATO Data Matching: Building Industry
By March 5, 2012

Yes, I’m still posting on the subject of ATO Data Matching. I had planned to wrap up our little series after 7 days but as the ATO have recently announced details of further data matching initiatives, let’s continue. Unsurprisingly, the Tax Office have their sights on the cash economy…. and ...

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Thumbnail image for ATO Data Matching: Legal Profession
By March 4, 2012

Big Brother is watching! Every morning this week we’ve been having a quick look at some of the data matching programs the Australian Taxation Office (ATO) is running. This will be our final instalment in this short series. Today we’re looking at what the ATO is checking up on within the legal profession. ...

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Thumbnail image for ATO Data Matching: Workcover
By March 3, 2012

All of this week we’ve been taking a quick peek at some of the data matching programs the Australian Taxation Office (ATO) is running. Today’s program is set to target employers. WorkCover Data Matching Project The ATO will collect names and addresses of entities within the State’s and Territory’s Workcover Authority ...

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Thumbnail image for ATO Data Matching: Pleasurecraft
By March 2, 2012

Every morning this week we’ve been outlining some of the data matching programs the Australian Taxation Office (ATO) is running. In today’s instalment we’re looking at one of the ways the ATO identifies ‘wealthy’ taxpayers. Pleasurecraft Data Matching Program The ATO is matching data related to the ownership of pleasurecraft. The ...

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