Latest News


16th
Apr

Tax Related Scam Alerts

If you receive an email or phone call from someone suggesting they are from the ATO, please check their credentials first. The latest round of tax scams involve impersonators demanding cryptocurrency (such as Bitcoin and Altcoins) as a form of ta...

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16th
Apr

Fringe Benefits Tax

Does your business provide fringe benefits of any type to its employees or their associates? The FBT year runs to the 31st March and requires the preparation of an FBT Tax Form declaring all taxable benefits, even where they are reduced to nil by...

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16th
Apr

Single Touch Payroll is coming

Do you/will you employ 20 or more staff at 1 April 2018? If the answer is "yes", then you will need to contact your software provider and start preparing for the 1 July 2018 mandatory start date with respect to reporting 'year to date' figures fo...

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16th
Mar

The Small Business Superannuation Clearing House has evolved

The Tax Agent and BAS Portals now have access to the Small Business Superannuation Clearing House ("SBSCH). The SBSCH is only for employers with 19 or fewer staff with an aggregate turnover of less than $10M (this could change after the May 2018 ...

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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  h...

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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 operat...

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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 ex...

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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 Dedu...

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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 ra...

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