Practice Update August 2019 covers following points:Tax Cuts Become Law
ATO "puts the brakes" on Dodgy Car Claims
Private Health Insurance Statements Now Optional
FBT and Taxi Travel
...
Practice Update July – 2019
Practice Update July 2019 covers following points:'Cash in hand' payments to workers no longer tax deductible
Uber drivers not employees
Making a Division 293 election
ATO targeting...
2018/19 Individual Tax Return Checklist
Tax saving strategies prior to 1 July 2019.
A good strategy to reduce tax payable is normally to accelerate any income tax deductions into the current income year, which will reduce overall taxable...
Practice Update June – 2019
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...
Single Touch Payroll Update
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...
May – 2019 Practice Update
May – 2019 Practice Update covers following points:Federal Election Called!
2019/20 Budget Update
New Industries Entering the Taxable Payments Reporting System
Scammers Impersonate...
April – 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...
Four Amazing Tips for Cryptocurrency Tax in Australia
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...
March – 2019 Practice Update
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...
January/February – 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...
