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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 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 […]

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 […]

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 […]

Asset Alert: Alert to Small Business Owners

Changes to small business instant asset write-off
On 29 January 2019, the Prime Minister announced that legislation will be introduced to:

[…]

Company loans : New Reformation of Taxation

Company loans to shareholders under review
The Government has released a consultation paper outlining proposed reforms to ‘simplify’ the loan agreements […]

Single Touch Payroll: Proposed expansion to smaller employers

Proposed expansion of Single Touch Payroll (STP) to smaller employers
Single Touch Payroll (‘STP’) commenced on 1 July 2018 for approximately […]

Single Touch Payroll Update

An update on Single Touch Payroll (STP) System
The ATO (Australian Tax Office) is writing to employers who started reporting through […]