ATO statement on administration of the low and middle income tax offset (LMITO)
The ATO announced on 5 July 2019 that it is implementing the necessary system changes [...]
Personal tax cuts Bill passed without amendment, now law
The Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Bill [...]
Pension deeming rates cut from 1 July 2019
The Government has announced that it will lower the social security deeming rate from 1.75% [...]
Top mistakes to avoid this tax time: ATO
The ATO has revealed some of the most common mistakes people make at tax time. [...]
ATO will inform certain tax agent clients their information is “Tax ready”
If tax agent clients' employers report through Single Touch Payroll (STP) and the clients are [...]
Tax news for businesses
Lower company tax rate From 1 July 2016, the income tax rate applicable to qualifying [...]
Tax news for individuals
Deduct work-related expenses People overclaiming deductions for work-related expenses like vehicles, travel, internet and mobile [...]
Tax relief for individuals and small businesses
Instant asset write-off The instant asset write-off threshold for small businesses has been increased to [...]
Tax planning
With the end of the 2019 income tax year upon us, this issue draws attention [...]
ATO reminds SMEs about paying super for backpackers
The ATO has reminded businesses that employ backpackers that they may need to pay superannuation [...]