Practice Update June 2019 covers following points: Single Touch Payroll Update Employees and Payment Summaries Cryptocurrency Data Matching Program Tax Office to Double Audits of ‘Dodgy’ Rental Deductions Paying Super to Backpackers New Rules for Immediate Write-offs Click here for Practice Update June 2019
Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll (‘STP’) from 1 July 2019. The ATO will be working with employers to support them as they transition to STP, including allowing small employers to start reporting any time from 1 July to 30 September (and the ATO will also…
May – 2019 Practice Update covers following points: Federal Election Called! 2019/20 Budget Update New Industries Entering the Taxable Payments Reporting System Scammers Impersonate ATO phone numbers FBT Issues on the ATO’s Radar FBT: Record-keeping Exemption Threshold FBT: Benchmark Interest Rate Click here for May – 2019 Practice Update
April – 2019 Practice Update covers following points: Continued Focus on the Cash Economy Common Errors with New GST Withholding Rules Latest ATO Benchmarks Released ATO Warning Regarding Annual Leave Loading and OTE Taxpayer Living in Serviced Apartments Overseas Not a Resident Mostly Vacant Property Still an ‘Active’ Asset Click here for April – 2019…
The transaction and use of cryptocurrency in Australia are evolving rapidly. If you’ve bought, sold or even traded using cryptocurrency, you have a tax obligation to retain records. Here are a few essential tax tips that you need to consider if you have made a profit by trading in cryptocurrency: 1. Sort out Tax Liabilities…
March – 2019 Practice Update covers following points: Changes to the small business instant asset write-off. Tax scammer alert. Non-complaint payments to workers. What’s new for Australian business. Click here for March – 2019 Practice Update
January/February – 2019 Practice Update covers following points: Division 293 assessments. Claims for home office expenses increased. MYEFO report. Taxation of income for an individual’s fame or image. Click here for January/February – 2019 Practice Update
December – 2018 Practice Update covers following points: Company loans to shareholders under review. ATO to send text messages if bank account details incorrect. ATO contact regarding business cars and Fringe Benefits Tax (‘FBT’). External collection agencies to enforce ATO lodgment obligations. ATO data matching and share transactions. Improvements to employee share schemes announced. ATO…
Deciding to invest in a property is perhaps one of the most challenging things, especially if you are in the late 20s or early 30s.
The property market has always been volatile, and therefore one needs to analyse different factors and market trends to avoid potential minefields.
November – 2018 Practice Update covers following points:
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