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Posts Tagged ‘ATO’
The Return of the Superannuation Guarantee (SG) Amnesty
March 26th, 2020As we’ve outlined in a previous article, the government’s Superannuation Guarantee (SG) Amnesty was initially introduced in 2018. The SG amnesty has now been resurrected, and employers are once again being afforded the opportunity to rectify SG issues. So - what should you do if you think you have outstanding contributions owing? The SG Amnestyread more
AUSKey Soon to be Cancelled – Are You Ready?
February 17th, 2020In case you’ve missed it – the Australian Taxation Office (ATO) will be retiring the AUSKey service on 27 March 2020, with a view to replacing it with myGovID and Relationship Authorisation Manager (RAM). This means if you’re currently using AUSKey to access the Business Portal, and you’re yet to sign up for MyGovID, youread more
Main Residence CGT Reforms for Expatriates
January 31st, 2020In the constantly shifting landscape of Australian legislation and tax reforms, it can be tricky to keep up – even if you’re living here. But what if you move overseas? Aussie expats who sell their former family home are generally entitled to some or all of the Main Residence Capital Gains Tax (CGT) exemptions onread more
Claiming Car-Related Expenses this Tax Season
June 14th, 2019With tax time coming up very soon, many of us will be looking towards our tax returns and working out what we can claim for this financial year. A very common area people claim deductions in is car travel and other vehicle-related expenses. While there are many options available for things to claim, the Australianread more
The ATO’s rental property crackdown – a potential audit goldmine
May 10th, 2019Do you own a rental property? Off the back of finding that the vast majority of rental property owners are making mistakes on their tax returns, the Australian Taxation Office (ATO) is now scrutinising related deductions closer than ever. This has led to the announcement of increased audit activity, in order to ensure ongoing complianceread more
Will the ATO be knocking on your door soon?
March 18th, 2019Unannounced visitors might be a bit of an inconvenience so some, but for businesses there’s no guest less welcome than the Australian Taxation Office (ATO). While the ATO tends to keep workplace visits to a minimum, and target those that they know are doing the wrong thing, new benchmarking data for small businesses means theyread more
Single Touch Payroll – How to get your Small Business Ready
March 8th, 2019Now that Parliament has passed legislation to extend the operation of Single Touch Payroll (STP), making it mandatory for all businesses (including micro employers, 1-4 employees) from 1 July 2019, there is no longer any doubt that every Australian business needs to be ready. From your accounting software to organising your employees’ information, there areread more
Running a small business – what’s deductible?
February 14th, 2019When you’re running a small business, you want to make sure you’re making your money work as hard as you do. This often extends to legally minimising your tax where you can, and there are plenty of ways to do so – even from day one. Here are a few you can look for: Start-upread more
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