Budget 2020-2021 – Client Guide
By comparison to many, Australia has managed the COVID-19 pandemic well, but good management isn’t enough to protect us from the $213.7 billion deficit in 2020-21. The Government has taken [...]
ANZAC Day: Honouring our Fallen Heroes
Today we remember our courageous heroes who fought during the World War I to give us the privilege of peace that we are enjoying right now. #ANZACS What happened on [...]
Data Matching Programs to Commence between the ATO and Online Accommodation Platforms
The Commissioner on Taxation has released an announcement. A data matching program between the Australian Taxation Office (ATO) and online accommodation platforms will commence soon. All information (including bank account [...]
Will Some Australians Pay More for a Good Cause?
Dick Smith's nationalistic brand announces its closure in the same month that desperate farmers plead with the public to pay a few cents more for their dairy products. The question [...]
Tax Stats Reveal the State of the Australian Community
Every year, the Australian Taxation Office (ATO) compiles the tax data they collect. They recently released 2015-16 ‘tax stats’ encapsulate the data from 16 million income tax returns lodged for [...]
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 [...]
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 [...]
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 [...]