Cleaners and Couriers Latest Black Economy Target
From 1 July 2018, the taxable payments reporting system will extend beyond the building industry to cleaning and couriers. This means that these businesses have to report payments they make [...]
Contract Employees: To Hire or Not to Hire?
With 23% of Australian employers now regularly engaging temporary personnel, it's apparent that contract work is on the rise. According to the Bureau of Statistics, there is currently an estimate [...]
Law Holds Franchisors Responsible for Vulnerable Workers
The government has stepped in to protect workers following months of controversial headlines uncovering poor record keeping, questionable workplace practices and exploitation, underpayments, deception, and superannuation guarantee fraud by employers. [...]
Tax Myths Debunked
ATO to individuals: be cautious when it comes to believing popular myths about tax deductions. These include a $150 dollar deduction for laundry, $300 for work-related expenses, and 5,000km for [...]
Are you holding back your business?
Overcoming the biggest problems in business often comes down to the simple things. Here are a few simple things you can do to capitalise on your opportunities and reduce your [...]
Closing Deductions Hung Out to Dry
The Australian Taxation Office (ATO) is closely examining expense claims relating to work and laundry of taxpayers submitting their 2017-2018 tax returns. The ATO says that clothing claims are nearly [...]
Small Business Superannuation Clearing House (SBSCH)
Making things easier. Designed to make the super contribution process much easier, the Small Business Superannuation Clearing House (SBSCH) is a superannuation payment service (administered by the ATO) made available [...]
Tax Payable Over the Next 7 Years To be Reduced
Here are some things you should know about the reduction of tax payable over the years. * With the passing of income tax legislation, a reduction in your tax payable [...]
New HELP Repayment Levels Now Implemented
All individuals with an accumulated (HELP) debt earning about $45,000 are now obliged to pay at least 1% of their income to the Australian Taxation Office (ATO). This is to [...]
How the ATO Identifies Targets
Will your business be audited? The ATO is very upfront when it comes to their compliance activity. Every year they publish small business benchmarks that outline what a typical business [...]