Yearly Archives: 2015



12th
Nov

Jobs Action Plan – OSR Rebate for Payroll Tax

You may recall the OSR NSW introduced the Jobs Action Plan rebate for  employers paying payroll tax. From 23 Nov 2015 OSR will stop processing applications if they are received more than 90 days from start date of new position. Refer more at  http://www.osr.nsw.gov.au/taxes/payroll/jap    

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11th
Nov

Capital Start-Up Expenses – Now Deductible Immediately

  Back in 2015 the Government introduced an immediate deduction for small business start-up expenses incurred from 1/7/2015. Eligible expenses include any accounting or legal advice relating to setting up proposed structures or the operation of the business and any payments to Australian government agencies for a fee, tax or charge incurred in establishing or […]

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2nd
Sep

Claiming Mobile Phone, Internet and Home Phone Expenses

The ATO have released a detailed guide on how these expenses should be claimed. Essentially if the deduction to be claimed is greater than $50 a representative 4 week record must be kept. Evidence that your employer requires you to incur these expenses will assist in the claim. See link at Claiming Mobile Phone, Internet & […]

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30th
Aug

Small Business Changes

The May 2015 Federal Budget brought some helpful changes for small business with turnovers under $2M per annum. It was since extended to those with aggregate turnovers of under $10M. See the ATO link at Small Business Instant Asset Write Off Deduction The most popular has been the $20,000 depreciable asset purchases made prior to […]

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30th
Aug

Employee or Contractor?

The ATO have been looking closely at this area for many years now and I’m asked quite often “what the ATO will view as a genuine contractor?” Only contractors and sub contractors that fall into the ATO’s definition are eligible for the full range of deductions applicable to the assessable  income derived. The ATO have […]

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