News

Practice Update December – 2019

Practice Update December 2019 covers following points:PAYG and deductions for payments to workers STP and superannuation guarantee No CGT main residence exemption for non-residents ...

Practice Update November – 2019

Practice Update November 2019 covers following points:Super Guarantee Opt-Out for High Income Earners Now Law ATO Recommends Updating ABN Details for Natural Disaster Reasons Reporting...

Practice Update October – 2019

Practice Update October 2019 covers following points:$30,000 Instant Asset Write-Off Federal Court Provides Clarification On the PSI Rules Deductions for a Company or Trust Home-based...

Practice Update September – 2019

Practice Update September 2019 covers following points:"Outrageous" Deductions Rejected ATO Guidance Regarding Incorrect ENCC Determinations ATO Watching for Foreign Income this Tax...

Practice Update August – 2019

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...
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