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...
December – 2018 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...
Common Pitfalls Property Investors Should Not Ignore!
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
November – 2018 Practice Update covers following points:
- Fast-tracking tax cuts for small and medium businesses.
- Proposed expansion of STP to smaller employers.