“Outrageous” tax deductions rejected
Unusual tax claims disallowed The ATO has published some of the most unusual claims that they disallowed last financial year. Nearly 700,000 taxpayers claimed almost $2 billion of ‘other’ expenses, Read More…
STP transition ended for large employers
STP transition year for large employers has ended Single Touch Payroll (STP) reporting started for large employers (20 or more employees) from 1 July 2018. The 12 month transition period for Read More…
Financial transparency important
Financial transparency is important to investors When pitching a business to investors, getting the right number – whether it’s net profit, sales, margins – is key. But the kind of Read More…
Tax housekeeping
Private health insurance statements now optional Taxpayers with private health insurance should be aware that insurance providers are no longer required to provide statements to their members. Taxpayers lodging their Read More…
Dodgy car claims
ATO “puts the brakes” on dodgy car claims The ATO is making work-related car expenses a key focus again during Tax Time 2019. Assistant Commissioner Karen Foat said over 3.6 Read More…