The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims…
A consistent theme this tax time is overclaiming and under-reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are…
Are you considering buying a new asset for your business? Recently the Federal Government increased the instant asset write-off threshold to $30,000 and extended the initiative to 30 June 2020. So if you purchase a…
Earlier this week Treasurer of Victoria Tim Pallas handed down his State Budget which outlined investment in schools, hospitals, road and rail projects. The budget projects growing surpluses across the four-year estimates, even after a…
When it comes to research and development, we often think of technology and pharmaceutical companies. But many companies complete research and development activities, and they are often eligible for the Government’s research and development (R&D)…
The Federal Budget announced a series of measures, some of which were legislated before the election was called. Extension and increase to the instant asset write-off The popular instant asset write-off for small business has…
The February 2019 Parliamentary sitting days were the last opportunity before the Federal Budget for the Government to introduce or push through new legislation. Next month, on 2 April, Parliament reconvenes for the Federal Budget…
From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report…
The February 2019 Parliamentary sitting days were the last opportunity before the Federal Budget for the Government to introduce or push through new legislation. Next month, on 2 April, Parliament reconvenes for the Federal Budget and…
Recently we have become aware of scam activity relating to the Australia Taxation Office and Federal Police. Typically the scam is in the form of a phone call, text message or email, where the scammers impersonate…
