July – 2017 Practice Update

July – 2017 Practice Update covers following points
  • Removal of the Temporary Budget Repair Levy from the 2017/18 income year
  • Extension of the $20,000 SBE Immediate Deduction Threshold
  • Simpler BAS is coming soon
  • Changes to the foreign resident withholding regime for sales of Australian real estate
  • Change to deductions for personal super contributions
Click here for: July – 2017 Practice Update...

ATO Is Taking a Sharper Look at Uber Drivers

The ATO has been on top of the situation to avoid letting Uber drivers slip away without paying their taxes. This goes for not only drivers of Uber, but also any ride sharing arrangement or companies like Go catch, Lyft, etc.  We have compiled a list of points that each ride-sharing driver should be weary of. This is because you might be making your earnings as you go and in your own time, but the tax amount needs to be paid and the file needs to be attended to before the end of the financial year. Additionally, the ATO has compelled all the banks to provide the details of payments made by their customers to such ride-sharing drivers.  This calls for quick action if you’ve been intentionally or unintentionally been dodging the tax man. When you work...
Give Feedback