Practice Update March 2020 covers following points:
Court confirms ATO's position on foreign income tax offsets
Employer's requirements and the deductibility of WREs
SMS scam targeting...
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...