What changed on 1 July?

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A reminder of what changed on 1 July 2022 Business Superannuation guarantee increased to 10.5%$450 super guarantee threshold removed for employees aged 18 and overSmall business GST and PAYG tax…

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Areas of ATO Scrutiny 2022 – What’s New

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AREAS OF ATO SCRUTINY CRYPTOCURRENCY IN THE HEADLINES The ATO has been very active lately trying to dispel myths about how cryptocurrency is taxed. Determining the tax treatment of cryptocurrency…

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Individuals 2022 – What’s New

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TAX OFFSETS AND RELIEF FOR LOW AND MIDDLE INCOME EARNERS The Low and Middle Income Tax Offset (LMITO) has increased for the 2021-22 income year. The LMITO provides a tax…

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Business 2022 – What’s New

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CONTRACTOR OR EMPLOYEE? Many business owners assume that if they hire independent contractors they will not be responsible for PAYG withholding, superannuation guarantee, payroll tax and workers compensation obligations. However,…

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JKR 30 June 2022 Housekeeping

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HAVING TROUBLE WITH TAX DEBT If you are having trouble paying your tax liability, please let us know as soon as possible so we can negotiate a deferral or payment…

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Refocus on debt collection by the ATO

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The ATO has not pursued many business tax debts during the pandemic and allowed tax refunds to flow through even if the business had a tax debt.  That position has…

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What to expect from the new Government

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Anthony Albanese has been sworn in as Australia’s 31st Prime Minister and a Government formed. We look at what we know so far about the policies of the new Government in…

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Tax Time Targets

The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four…

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What’s changing on 1 July 2022

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A reminder of what is changing on 1 July 2022 Business Superannuation guarantee increase to 10.5%$450 super guarantee threshold removed for employees aged 18 and overSmall business GST and PAYG…

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