News

Practice Update Jan-Feb – 2020

Practice Update Jan-Feb 2020 covers following points:Lifestyle assets continue to be an ATO audit target Disclosure of business tax debts – Declaration made MYEFO – 2019/20 The...

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...
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