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 [...]
Protecting Your Super – how new law may affect SMSFs
The Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 introduces a number of reforms [...]
Super death benefit for de facto partner upheld
The Federal Court has dismissed an appeal against a decision to pay a superannuation death [...]
Cryptocurrency: record keeping requirements and data matching program
The Commissioner has published a gazette notice setting out the record keeping requirements for cryptocurrency [...]
Ombudsman calls on ATO to cease small business recovery action where tax disputes are before AAT
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has issued a report into the [...]
STP exemptions and deferrals – ATO reminders
With reported unpreparedness for Single Touch Payroll (STP), mainly among small businesses, and with employers [...]