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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 […]

Division 293 Assessments

What you need to know about Division 293 assessments in 2019?
The Australian Tax Office (ATO) has been issuing ‘Additional tax […]

Taxable Payments Reporting System: Expansion of the TPRS

Taxable Payments Reporting System (TPRS): Expanding towards a new frontier
The Taxable Payments Reporting System (‘TPRS’) has been expanded to the […]

Trigger service on bank account details by ATO

ATO to send text messages if bank account details incorrect
The ATO has advised that it will send SMS text messages […]

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 […]

Home Office Tax: Increased scrutiny claims

More attention given to home office expenses claims by Tax Office.
In the past year, about 6.7 million taxpayers claimed a […]