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Archive for category: Tax
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No Tax Deductions If You Don’t Meet Your Tax Obligations
New laws passed by parliament last month directly target the behaviour of taxpayers that don’t meet their obligations.
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Four Areas The ATO Are Targeting In 2019
The tax office now have the best computer system that they’ve ever had, and they’re putting it to use on the Australian public. There are four things that the ATO won’t let slide in 2019.
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Small Businesses Encouraged To Start Single Touch Payroll Early
The tax office will soon begin sending letters and notifications to small businesses, encouraging them to begin early use of Single Touch Payroll (STP).
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Phoenix Activity Results In Stricter Tax Monitoring
Illegal phoenix activity has a large impact on the Australian economy. According to reports in July 2018, phoenix companies caused a $5 billion loss to Australia.
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Tax On Shares: ATO Extends Data Matching Program
The Australian Tax Office (ATO) is utilising data provided by the Australian Investments and Security Commission (ASIC) to data match share trades.
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Problems That Occur When Subdividing Your Land
Many Australians decide to subdivide their backyard without considering how that can affect them from a tax point of view.
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Working From Home: What Deductions Can You Claim?
For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit list’ are home office expenses. We guide you through what you can and can’t claim if you work from home.
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The Rules For GST And Food
Owners of cafes and restaurants, and any businesses that sell or prepare food, need to be aware of when to charge GST. Unfortunately, it is not often a simple yes or no. Navigating the world of food and GST can be like weaving through a maze. A delicious maze, albeit.
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