Australian Tax: What changed on 1 July?
With the new 2022/2023 financial year well underway, we are here to remind you of some of the key changes from 1 July
GST Issues For Buy-Now, Pay-Later Providers
Specific guidance on the GST implications for buy-now, pay-later providers has been published on the ATO legal database. 2 Key issues identified, read more.
Four Priorities for the ATO this FY2022 Tax Time
ATO tax return focus areas for Tax Time 2022 – record-keeping, work-related expenses, rental property income and deductions, and crypto assets capital gains.
Six Super Strategies for 30 June 2022
With the financial year end in Australia approaching, there are strategies you may consider to increase your superannuation savings and save money on taxes.
The Superannuation Guarantee Amnesty Is Back On The Table
With the 28 October Super Guarantee deadline just weeks away, it’s now more important than ever that employers meet their super obligations on time, and in full. Now that the SG amnesty is back on the table…
EOFY Tax Planning for Individuals
* Updated for EOFY 2020 * End of the financial year (EOFY) is an important time, not just for small businesses, but also the individuals. Putting the hard work in each financial year can help you get your personal professional life organised so that you get to kick...EOFY Tax Plan for Trusts
Trust distributions continue to be an area the ATO focuses on. With this in mind it is more important than ever to ensure that your trust distributions are compliant and effective. 1. Trust distribution minutes Ensure you speak to your tax advisor to ensure your trust...Get Ready for EOFY
It’s almost the end of the financial year. Time flies when you’re working hard in your business. It’s now time to start wrapping up for the year and looking ahead for the new financial year here in Australia. Here are a few handy tax planning reminders for small...
Are you in the Construction Industry? Lodge your TPAR!
The ATO has just advised that from February it will be contacting businesses in the building and construction industry about any overdue TPARs.
ATO to focus on work-from-home expenses this tax time
The Tax Office has earmarked home office expenses as a key focus area this tax time, citing a lack of education contributing to a high amount of mistakes, errors, and questionable claims.