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Don’t take company money!

The ATO is cracking down on business owners who take money or use company resources for themselves. It’s common for business owners to utilise company resources for their personal use. The business is often such…

7 Tips for Business Success in 2024

As we navigate the complexities of 2024, businesses are seeking strategies to stay ahead in a rapidly evolving market. At PPT Accounting, we understand these challenges and are committed to guiding our clients towards success.…

New ATO Guidance: Contractor or Employee

Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the ATO warns. Where there is…

Self Education: What can you claim?

The Australian Taxation Office has released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim. If you undertake study that is connected to…

Prison for Deliberate Wage Theft

Legislation currently being debated in Parliament will introduce a new criminal offence for intentional “wage theft”. If enacted, in addition to the criminal offence, a fine will apply. The fine is three times the underpayment…

$20K Business Deduction for Electrification

Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges businesses towards energy efficiency. We show you how to maximise the deduction! The small business energy incentive is…

Sub-Divisions & Tax Implications

You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax…

Working from Home: What’s the Deal?

The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you…

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