Rental deductions: ATO audits to double
The ATO has warned that it will increase its scrutiny of rental-related deductions this year. [...]
Instant asset write-off with Budget changes now law
Changes to the instant asset write-off rules have now become law, including measures recently announced [...]
Super guarantee amnesty not yet law, but $100 million recovered
The ATO has recovered around $100 million in unpaid superannuation from employers since the 12-month [...]
Guidance on when a company carries on a business
With reduced company tax rates available for some businesses in recent years, and changes in [...]
Fringe benefits tax: rates, thresholds and ATO focus for 2019–2020
The ATO has issued its annual rulings about rates and thresholds that apply for the [...]
ATO to ramp up ABN investigations and cancellations
As part of the ATO’s work to ensure the integrity of the Australian Business Register, [...]
Property used for storage an active asset for small business CGT concession purposes
The Administrative Appeals Tribunal (AAT) has decided that a property a small business owner used [...]
ATO finds 90% error rate in sample of rental property claims
ATO Commissioner Chris Jordan has advised that as part of the ATO’s broad random enquiry [...]
Super guarantee amnesty not yet law: ATO will apply existing law
The ATO reminds businesses to be aware that under the current law, if they have [...]
Single Touch Payroll: low-cost solutions now available
Single Touch Payroll (STP) is a payday reporting arrangement where employers need to send tax [...]