ATO chases $172bn in undeclared contractor income
The ATO has urged businesses to come clean on $172 billion worth of payments to contractors as it gets tough…
Tax Archive
- Tax ·
ATO’s good-faith approach to crypto won’t last much longer
The ATO has upheld its good-faith approach to the accounting of cryptocurrencies, however it isn’t likely to last much longer.
FBT 2021: Tax & Employee Benefits
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork.…
- Tax ·
JobKeeper 2.0 – what you need to know
The JobKeeper scheme was originally going to run until 27 September 2020. JobKeeper has now been extended past this date,…
- Tax ·
Minimum wage increases by 1.75%
The Fair Work Commission has announced an 1.75% increase to minimum wage starting from the first full pay period after…
- Tax ·
The risks early lodgers face
Tax time is near, but the ATO is urging individuals to take extra time when preparing their tax return to…
- Tax ·
Working from home as an employee – what can I claim?
Times are changing from day to day, are you one the fortunate people who are able to continue in employment…
- Tax ·
Government Incentives for COVID-19 – Practical Example based on Employee $60K
This is a worked example on a really small business and the scenario sees Sammy’s Solar Installations Pty Ltd receive…
- Tax ·
ATO targets incorrect claims for ‘lifestyle’ assets
The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine…
- Property ·
CGT and the family home: expats and foreigners excluded from tax exemption
Late in 2019, legislative changes were made that exclude non-residents from accessing the main residence exemption.
- Tax ·
COVID-19 Second $66.1bn Stimulus Package: What you need to know
On Sunday 22 March, 2020 the Government released a second, far reaching $66.1 bn stimulus package that boosts income support…
- Tax ·
What types of insurance should a business have?
Insurance often seems like an enormous waste of money… until you need the cover.
