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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 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 […]

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 […]

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 […]

GST: Notable Errors Found in Withholding Rules

Common errors with new GST withholding rules
The ATO has noticed some common errors made in activity statements since the introduction […]

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:

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Increased Claims for Telecommuters

Great news to telecommuters on the claims revision in home office expenses!
The Australian Tax Office (ATO) has updated the hourly […]