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Posts Tagged ‘ATO’

Annual Wage Review – Final Stage

November 3rd, 2021

Earlier this year, we covered the 2.5% increase to the national minimum wage and all award wages (see the article here). The changes have been rolled out in three stages, and we’re already at the third! The increases announced as a result of the Annual Wage Review first came into effect on 1 July, withread more

Stapled Superannuation Funds and Other Super Updates

October 15th, 2021

Many Australians are familiar with the frustration and financial cost of maintaining several superannuation funds as we change jobs over time. As employers have a default fund, into which many new starters will elect to have their super paid, a large number of workers end up with multiple super funds that may have very littleread more

Demystifying the Employee vs Contractor Confusion

September 3rd, 2021

Finding employment solutions for your business is a challenge - sourcing the right person, with appropriate experience, at a fair wage, isn't always easy. Furthermore, classifying your workers correctly as a contractor or employee may not always be clear when you're recruiting for a role, and is an area where many businesses have been caughtread more

Getting Ahead of Your Next Tax Return

August 12th, 2021

The 2021-22 Financial Year is already several months old now (if you can believe that), and by now many taxpayers have their ducks in a row to lodge their tax return for 2020-21. But while that’s happening, clever business owners and salary earners are putting down the groundwork to make next years’ an absolute breeze.read more

Cryptocurrency – Thinking Outside the Blockchain

June 18th, 2021

Blockchain technology is by no means a new concept, but its recent explosion in the mainstream consciousness (particularly around DeFi, NFTs and the price of Bitcoin) makes it worthy of further consideration – especially from a cryptocurrency tax and compliance point of view. The scope of blockchain-based activity is incredibly complex – it’s not asread more

Working from Home Deductions at Tax Time – The ATO’s Crackdown Hotspot

May 27th, 2021

The new financial year is here, and the more organised among us are already planning the deductions we’re looking to claim for our 2020-21 tax return. Given that global circumstances changed the way many people worked throughout this financial year, there will be a noticeable shift in the types of deductions people claim – especiallyread more

The ATO’s Shift to Electronic Correspondence – What You Need to Know

May 5th, 2021

The Australian Taxation Office (ATO) is working to move the majority of their communications with business owners from paper-based and traditional mail to electronic correspondence. While the changes are welcome from an environmental and efficiency point of view, it does require some preparation and an increased level of attention on things such as MyGov andread more

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