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Client Alert – Special Tax Planning

Friday, June 21, 2019

Tax planning With the end of the 2019 income tax year upon us, this issue draws attention to year-end tax planning strategies and compliance matters that you need to consider to ensure good tax health. It focuses on the most important issues for small to medium businesses and individuals to consider. Tip: This is general […]

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Client Alert April/May

Thursday, May 9, 2019

ATO to ramp up ABN investigations and cancellations As part of the ATO’s work to ensure the integrity of the Australian Business Register, it investigates the business activities of Australian Business Number (ABN) holders when it seems their ABN is no longer being used – for example, if business income isn’t being reported, or where […]

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financial services misconduct

Monday, April 8, 2019

Are our pollies dropping the ball on financial services misconduct? Remember the Royal Commission into the financial services industry? It almost feels like ancient history now, doesn’t it? At the time, of course, it was all that many people were talking about. Such was the trail of destruction uncovered by the inquiry, hardly a week went […]

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BUDGET 2019 Summary – April 2019

Thursday, April 4, 2019

PERSONAL TAXATION Personal tax cuts: low–mid tax offset increase now; more rate changes from 2022 In the 2019–2020 Federal Budget, the Coalition Government announced its intention to provide further reductions in tax through the non-refundable low and middle income tax offset (LMITO). Under the changes, the maximum reduction in an eligible individual’s tax from the […]

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Client Alert February / March 2019

Tuesday, March 26, 2019

Single Touch Payroll reporting for small businesses: get ready! Legislation has recently passed to bring in Single Touch Payroll (STP) reporting for all small employers (with fewer than 20 employees) from 1 July 2019. STP is a payday reporting arrangement where employers need to send tax and superannuation information to the ATO from their payroll or accounting […]

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Client Alert December / January

Tuesday, December 11, 2018

Work-related tax deductions down for 2018 The ATO has reported a decline in the overall value of work-related deductions for tax time 2018. In his opening statement to Senate Estimates on 24 October 2018, Commissioner Chris Jordan said taxpayers appear to be taking extra care when claiming work-related expenses in their 2017–2018 income tax returns. […]

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Client Alert October/ November 2018

Friday, October 5, 2018

Claiming work-related expenses: ATO guides and toolkits This year, the ATO has launched its biggest ever education campaign to help taxpayers get their tax returns right. The ATO says the campaign, which is running throughout tax time, includes direct contact with over three million selected taxpayers, as well as specialised guides and toolkits for taxpayers, […]

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Beware & Take Care

Thursday, September 27, 2018

Tax agent impersonators conning victims to pay fake debts By Emma Koehn (The AGE newspaper 27th September 2018) Tax agents are being forced to fight fraudsters who are impersonating  tax professionals to con victims into paying fake debts. The Australian Taxation Office advised tax agents this week to inform their clients that scammers may be trying […]

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Client Alert August-September

Monday, September 10, 2018

Government launches new service to simplify business registrations The government has officially launched a new stand-alone Business Registration Service, providing a simpler and clearer way to register a business. The service is available at www.business.gov.au. The service can be used for things such as applying for an Australian Business Number (ABN) or goods and services […]

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Client Alert June/July 2018

Tuesday, July 3, 2018

Tax planning With the end of the 2018 income tax year rapidly approaching, this issue draws attention to year-end tax planning strategies and compliance matters that you need to consider to ensure good tax health. It focuses on the most important issues for small to medium businesses and individuals to consider. Tip: This is general […]

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