As we approach the end of the tax year there are some things to bring to your attention. Many of these you will know from prior years however there are some changes. In particular...
Proposed Residency Rules as issued by the Board of Taxation
Wednesday February 05 2020
In March 2019 the Board of Taxation delivered to the Treasurer it’s preferred model for simplifying the rules around the determination of individual residency. The proposed rules aim to...
No CGT Main Residence Exemption for Non-Residents
Wednesday January 29 2020
The Government recently tabled legislation, in a second attempt to deny access to the CGT main residence exemption for individuals who are foreign residents (i.e., non-resident taxpayers for...
ATO and 2019/2020 Bushfire Assistance
Wednesday January 22 2020
Following the devastating bushfires across large parts of Australia in the summer of 2019/2020, the ATO has offered ongoing concessions. In particular, a specific helpline (1800 806 218) has...
STP and Superannuation Guarantee
Wednesday January 15 2020
At the Australian Institute of Superannuation Trustees Chairs Forum, the ATO's Deputy Commissioner of Taxation has confirmed that as a result of STP, the ATO now has an "unprecedented level of...
PAYG and Deductions for Payments to Workers
Friday January 10 2020
The ATO is reminding business taxpayers that deductions are no longer available for certain payments to workers if they have not met their PAYG withholding obligations from 1 July...
Uber Drivers no longer employees
Sunday July 28 2019
For all Uber Drivers, we have an important announcement. Following an investigation, the Fair Work Ombudsman has concluded that the relationship between Uber Australia and their drivers, is...
Tax Time Tips for Small Business
Sunday July 28 2019
Managing a small business (being a small business owner) can be a tough gig and let alone having to deal with the financial side of things. Trying to navigate your way through the tax system...
'Cash in hand' payments to employees - no longer tax deductible
Sunday July 28 2019
Are you a contractor or an employer in a small business who pays your employees ‘cash in hand’? The ATO has made an important announcement that just may affect you and your business. &...
Cryptocurrency Data Matching Program
Sunday July 28 2019
Are you into cryptocurrency? Have you ever dabbled in investment in bitcoin or the cryptocurrency market? For anyone involved in buying, transferring or selling in the cryptocurrency market...