Home > News > Page 3
Client Alert August / September
Tuesday, September 10, 2019
Warning to watch out for myGov and ATO tax scams The government’s Stay Smart Online website warns there has been a surge in scammers impersonating myGov and the ATO to trick people into giving them money or personal details. These scams can take the form of emails, text messages and fake myGov login pages. In […]
Read More >
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 […]
Read More >
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 […]
Read More >
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 […]
Read More >
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 […]
Read More >
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 […]
Read More >
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. […]
Read More >
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, […]
Read More >
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 […]
Read More >
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 […]
Read More >