Josh (Frydenberg, Treasurer) is about to return a budget surplus...This year. Phil (Lowe, Governor of the Reserve Bank) is about to cut rates again...on Tuesday, my 54th birthday. At a…
Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated ‘tax gap’. These new figures give visibility to tax compliance issues…
The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity. The ATO is…
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect sense in the real world…
Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that under reporting of foreign income…
What do you need to know? Single Touch Payroll (STP) requires you to have your payroll transaction data transferred to the ATO each time your employees are paid. This may…