There are changes to company tax rates. While the full company tax rate is 30%, your company may be eligible for a lower company rate.
If you are a ‘base…
Bought Bitcoin? The Tax Office Has You in Its Sights
By Melissa Browne
Unless you are living under a rock, most of us have heard of the term cryptocurrency or, at the very least, Bitcoin. If you haven’t, cryptocurrency is generally used…
Have a Stress-Free July: Five Tax Time Tips from the ATO for SMEs
By: Dominic Powell
It’s no secret that tax time can be one of the most painful times of the year for business owners, with a seemingly ever-changing list of things on…
Clients’ Car Expenses Claims to Get the Blowtorch Treatment This Tax Time
By: Steve Burnham
Assistant Commissioner Kath Anderson has announced that the ATO is particularly concerned about taxpayers either making mistakes or deliberately lodging false claims in relation to work-related car…
Tax Invoice Essentials (in Case a Client Asks)
The status of the humble invoice took on immense significance in the year 2000 when the goods and services tax was introduced. It was a big year for…
SMSFs: The Upward March Continues
The ATO has just released the latest of what has become a series of annual publications. The report, Self-managed superannuation funds: A statistical overview, started being published in late…
Claiming for Work Travel: Itinerant “flexibility” Not So Flexible
By: Steve Burnham
It is generally assumed that there is a degree of flexibility within the tax law over particular work travel claims that arise where the nature of the employment…
Why Use a Tax Agent vs the Free ATO Service?
By: OTA
It’s frightening to think that tax time is almost upon us again. Each tax time presents us with a dilemma –hire an expert to take care of our…
The Basic Rules for Claiming Work-related Expenses
written by: Ritchie Cruz, Principal Director
Last week, the Australian Tax Office (ATO) sounded a stern warning to employees who were demanding “unusually high” work-related expense claims. But why…
