Build your own super If you’re self-employed or work as a contractor, super may not be at the top of your priority list. But by taking action now, you can make sure you have enough money to live on when … Read More
Australians are being urged to get their income affairs in order as the deadline for self-submitted tax returns draws near.The deadline for this year’s tax is just six days away on Thursday October 31, otherwise those earning an income in … Read More
Procrastinators have been put on notice as the October 31 tax deadline fast approaches, with those who fall foul of the tax man risking fines of up to $1050 — or worse. According to H & R Block’s director of … Read More
The Australian Taxation Office (ATO) is headed to the central west of NSW, following a number of tip-offs flagging concerns about businesses engaging in black economy activities. In a statement to the media, the ATO confirmed it will visit approximately … Read More
Do you run a small business? Be informed 🤓 and check out the ATO’s fact sheets on the three most commonly claimed small business expenses: ☝️ motor vehicle expenses ✌️ business travel expenses 🤟 home-based business expenses To learn more read the ATO update in … Read More
Posted by the ATO : 24/06/2019 here. “An ATO perspective on current tax and super issues for large superannuation funds” 2019 National Superannuation Conference Hoa Wood, a/g Deputy Chief Tax Counsel Robert Thomson, Assistant Commissioner, Public Groups and International … Read More
ATO Newsroom Update 17/09/2019 here. 2 weeks till Single Touch Payroll deadline Small employers (with 19 or less employees) need to move to Single Touch Payroll (STP) by 30 September. STP became mandatory for small employers from 1 July this year. The Australian Taxation Office … Read More
Keeping good records allows you, as a freelancer or business owner, to keep an eye on the financial aspect of your business and monitor its success or failure!
Keeping good records allows you, as a freelancer or business owner, to keep an eye on the financial aspect of your business and monitor its success or failure – and also means you can claim any valid expenses to offset … Read More
On Thursday CBA and ANZ joined Westpac in raising interest rates (and whilst this can feel like doom and gloom) it is not all bad news. For people who have an investment property, there is a silver lining! You can … Read More
Are you sure you know which deductions are claimable? Here’s a list of deductions you usually can’t claim on your tax return!
The ATO is focused on helping taxpayers get their deductions right, but they’re also on the lookout for red flags that identify people who are doing the wrong thing. Are you sure you know which deductions are claimable? Here’s a … Read More