April – 2017 Practice Update
April 4, 2017
April – 2017 Practice Update covers following points Reduction in FBT rate from 1 April 2017 Lump sum payments received by healthcare practitioners Tax officers “hit the streets” to “help small businesses” Planned changes to GST on low value imported goods Company disallowed $25 million of carried forward tax losses Super changes may require action…
Read MoreIs the ATO Snooping on Your Social Media?
March 29, 2017
If this article heading stopped you dead in your track then you’re probably not aware of this possibility. In the light of an article recently published in the Sydney Morning Herald, we would like to inform you about the possibility of the ATO snooping around on your social media accounts to determine if what you’ve…
Read MoreTips on Avoiding The Traps of Taxation When Trying To Minimise Tax Paid
March 16, 2017
Each and every business, and career oriented individual is liable to pay tax. It might seem like you're losing your hard earned money, but taxation is a primary source for the country to keep developing new infrastructure, healthcare and much more. There are very few ways to minimise the amount of tax paid. However, people...
Read MoreMarch – 2017 Practice Update
March 8, 2017
March – 2017 Practice Update covers following points ATO data regarding Super Guarantee non-compliance Ride-sourcing is ‘taxi travel’ Making ‘intangible’ capital improvements to pre-CGT assets Fringe benefits change for tax offsets from 1 July 2017 Diverting personal services income to SMSFs No overtime meal allowance, no overtime meal deduction Click here for: March – 2017 Practice…
Read MoreFebruary – 2017 Practice Update
February 8, 2017
February – 2017 Practice Update covers following points Changes to the ‘backpacker tax’ ATO data matching programs Ride Sourcing data matching program Credit and debit card and online selling data matching program Can a UPE be written off and claimed as a bad debt? Deductibility of expenditure on a commercial website Easier GST reporting for…
Read MoreNovember – 2016 Practice Update
November 18, 2016
November – 2016 Practice Update covers following points Survey for SMSFs using LRBAs ATO warning for the building and construction industry Renting out a room is rental income Living overseas but still taxable here Crucial issue to consider when buying a company Click here for – November – 2016 Practice Update
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Becoming Your Own Boss
November 2, 2016
A look at the rapidly booming home entrepreneur scenario Technology is giving us a lot more than knowledge about distant occurrences and innovations. It is providing us with opportunities that never really existed before. Bloggers are getting paid to review food items and wear the latest trends while freelance software developers are sparking technological revolutions…
Read MoreOctober – 2016 Practice Update
October 5, 2016
October – 2016 Practice Update covers following points Government ‘backflip’ on superannuation changes Fallout from ‘Panama Papers’ spreads GST on low-value imports Record keeping is always key to taking on the ATO DHS – Data matching project 16 forced sales of properties illegally held by foreigners Singapore and ATO to share data to reduce tax…
Read MoreHow to Prepare for the Christmas Time Retail Frenzy
October 5, 2016
Christmas is undoubtedly a holiday to cherish with your family and friends. A little celebration goes a long way for starting the New Year with a renewed energy. Christmas is also a time to shop till you drop. Quite literally, retails stores, traditional brick and mortar stores and e-commerce stores claim that they make approximately…
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September – 2016 Practice Update
September 6, 2016
September – 2016 Practice Update covers following points Pre-retirees: Avoid ‘too good to be true’ tax schemes ATO assistance with the pending $500,000 lifetime super cap Deductibility of gifts provided to clients Deductibility of airport lounge memberships Phoenix Taskforce swoops on dodgy businesses ATO exposes dodgy deductions Click here for – September – 2016 Practice Update
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