Verus Accountants and Advisors | Building your business|

About Alex

This author has not yet filled in any details.
So far Alex has created 33 blog entries.

Income Tax: Watch out Foreign Income Earner!

ATO watching for foreign income this Tax Time
Having foreign income is always an excellent opportunity to increase business network. It […]

Tax Deductions: ATO rejects claims

“Outrageous” deductions rejected
The ATO has published some of the most unusual claims that they disallowed last financial year. Nearly 700,000 […]

Tax Tips For Small Business

Tax time tips for small business to a successful tax management
To lend a ‘helping hand’ to small businesses to get […]

Tax Deduction: ‘Cash in hand’ payments off from list

‘Cash in hand’ payments to workers no longer tax deductible
The ATO has reminded employers that any ‘cash in hand’ payments […]

Superannuation payment to backpackers

Paying superannuation to backpackers
The ATO has issued the following reminders to employers, that backpackers on working holidays:

are considered temporary […]

STP: Single Touch Payroll Update

STP Update…
Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll (‘STP’) from 1 July […]

SBE: New rules for immediate write-offs

SBE taxpayers new entitlement to immediate write-offs? 
Small business entity (‘SBE’) taxpayers who choose to depreciate their assets under the simplified […]

ATO: Annual Leave is part of OTE

ATO warning regarding annual leave loading and OTE
The ATO has recently warned employers that it considers that annual leave loading […]

SBE: Latest ATO Benchmarks Released

New benchmarks for small businesses to measure their strength in the market
The ATO has released updated benchmark data drawn from […]

ATO: Continued Focus on the Cash Economy

Magnifying ‘cash only’ trading terms businesses on tax declaration and claims
ATO Assistant Commissioner Peter Holt has announced that, in the […]