Federal Budget 2016 - General Business
Federal Budget 2016 - General Business
Federal Budget 2016 - General Business
Federal Budget 2016 - General Business
Federal Budget 2016 - Small Business
Federal Budget 2016 - Small Business
Federal Budget 2016 - Small Business
Federal Budget 2016 - Small Business
Federal Budget 2016 wrap up
Federal Budget 2016 wrap up
Federal Budget 2016 wrap up
Federal Budget 2016 wrap up
ATO Data Matching - Department of Human Services
ATO Data Matching - Department of Human Services
ATO Data Matching - Department of Human Services
ATO Data Matching - Department of Human Services
Inactive Trusts –  ABNs to be cancelled
Inactive Trusts – ABNs to be cancelled
Inactive Trusts – ABNs to be cancelled
Inactive Trusts – ABNs to be cancelled
3 reasons why Uber drivers need tax professionals right now
3 reasons why Uber drivers need tax professionals right now
3 reasons why Uber drivers need tax professionals right now
3 reasons why Uber drivers need tax professionals right now
Is franchising still worth it?
Is franchising still worth it?
Is franchising still worth it?
Is franchising still worth it?
R&D Tax Incentive claims: The good, the bad, the dodgy
R&D Tax Incentive claims: The good, the bad, the dodgy
R&D Tax Incentive claims: The good, the bad, the dodgy
R&D Tax Incentive claims: The good, the bad, the dodgy
Cash economy: The ATO has its own idea about your living expenses
Cash economy: The ATO has its own idea about your living expenses
Cash economy: The ATO has its own idea about your living expenses
Cash economy: The ATO has its own idea about your living expenses
The deductible cuppa
The deductible cuppa
The deductible cuppa
The deductible cuppa
Telstra’s 2014 share buy-back: its impact on 2014-15 tax returns
Telstra’s 2014 share buy-back: its impact on 2014-15 tax returns
Telstra’s 2014 share buy-back: its impact on 2014-15 tax returns
Telstra’s 2014 share buy-back: its impact on 2014-15 tax returns
Single Touch Payroll put on back burner
Single Touch Payroll put on back burner
Single Touch Payroll put on back burner
Single Touch Payroll put on back burner
ATO increases focus on rental property deductions
ATO increases focus on rental property deductions
ATO increases focus on rental property deductions
ATO increases focus on rental property deductions
Get set for a 2.5% wage increase
Get set for a 2.5% wage increase
Get set for a 2.5% wage increase
Get set for a 2.5% wage increase
Work-related car expense claims simplified
Work-related car expense claims simplified
Work-related car expense claims simplified
Work-related car expense claims simplified
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ATO Data Matching – Department of Human Services

There have been a number of legislative changes (and confusion!) surrounding the invalid and invalid carer tax offsets and for exemptions from paying the Medicare levy and surcharge. The Australian Taxation Office is concerned that a number of people continue to claim these offsets and entitlements incorrectly. As a result, the ATO have announced it […]

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3 reasons why Uber drivers need tax professionals right now

As far as the Tax Office is concerned, Uber drivers are taxi drivers. They’ve just enforced rules that lump the disruptive ridesharers in with a special class of independent contractors who have to pay GST and withhold tax from all their takings. That’s only the beginning of their obligatory gauntlet, though. Many Uber drivers have […]

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R&D Tax Incentive claims: The good, the bad, the dodgy

The Tax Office warns that it is working closely with AusIndustry to identify taxpayers involved in aggressive R&D Tax Incentive arrangements. It says some claims made for the R&D incentive have been negligent on the compliance requirements generally expected when making a claim, with some other instances even bordering on tax avoidance and fraud. The […]

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Telstra’s 2014 share buy-back: its impact on 2014-15 tax returns

In 2014, Telstra announced that it would undertake an off-market share buy-back, with the buy-back results announced on October 6, 2014. The Tax Office says participating shareholders are taken to have disposed of their shares accepted under the Telstra buy-back at that date (CGT event A1). It has released a fact sheet giving advice for Australian […]

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ATO increases focus on rental property deductions

The ATO will have an increased focus on rental property deductions this tax time and is encouraging rental owners to double-check their claims are correct before lodging their tax return. In particular, the ATO is paying close attention to: excessive deductions claimed for holiday homes, husbands and wives splitting rental income and deductions for jointly […]

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Work-related car expense claims simplified

The federal budget has confirmed a foreshadowed change to the way work-related car expense deductions are calculated. Work-related expenses are the most common-claimed tax deductions, with the Tax Office reporting that around seven million Australians make such claims in any tax year – with one of the most common components being car expenses, with nearly […]

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Contractor Payments Data Matching Program

The Australian Taxation Office (ATO) will continue to acquire details of entities that receive contractor payments from other businesses for the 2013-14, 2014-15 and 2015-16 financial years. This is the continuation of an ongoing program where data will be obtained from businesses that are subject to compliance activities conducted by the employer obligations area within […]

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Federal Budget 2015: Individuals

There were few notable budget impacts for personal taxation. However, a couple of items are worth mentioning: Personal tax rates Personal tax rates will not change, and the 2% Temporary Budget Deficit Levy for taxable incomes over $180,000 will not be extended. The levy will, as expected, cease at the end of the 2016-17 income […]

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How highly taxed are we compared to other countries?

While many of us may feel that we’re already paying enough to the taxman, recent Organisation for Economic Co-operation and Development (OECD) data reveals that Australia is in fact the fifth-lowest taxed nation of the 34 OECD member countries. (Statistics are taken from 2012 or the latest available year.) Australian total tax revenue was measured […]

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Act Now To Secure These Business Deductions

Small businesses may want to act now and bring forward their capital purchases if they still wish to utilise the instant asset write-off of $6,500 or the $5,000 motor vehicle write-off in 2013-14. The details of the government’s repeal of the Minerals Resource Rent Tax (MRRT) make it clear that some small business tax concessions […]