News And Articles





March 2020 - Coronavirus Special Update

Government’s Stimulus Package in response to the Coronavirus
Income support for individuals
  The new Coronavirus supplement
  Expanding access (and eligibility) to certain income support payments
  Tax-free payments of $750 to eligible recipients
  Early access to superannuation benefits
  Reducing the minimum drawdown amounts for superannuation pensions
  Reducing social security deeming rates
Cash flow assistance for businesses
 
Boosting cash flow for employers
  Wages subsidies for apprentices and trainees
  Increasing the instant write-off threshold for business assets
  Accelerating depreciation deductions for new assets


March 2020 Newsletter

Court confirms ATO's position on foreign income tax offsets
Employer's requirements and the deductibility of WREs
SMS scam targeting natural disaster victims
Further STP developments
Valuing car parking fringe benefits


January/February 2020 Newsletter

Lifestyle assets continue to be an ATO audit target
Disclosure of business tax debts – Declaration made
MYEFO Report – 2019/20
The ATO’s Bushfire crisis response


December 2019 Newsletter

PAYG and deductions for payments to workers
STP and superannuation guarantee
No CGT main residence exemption for non-residents
ATO November 2019 bushfire assisstance
SMSs for SMSFs!


November 2019 Newsletter

Super guarantee opt-out for high income earners now law
ATO recommends updating ABN details for disastrous reasons
Reporting asset disposals for CGT
Government passes other superannuation legislation
Super Lookup 'status' will change if SMSF annual returns are late
Taxpayer liable for excess transfer balance tax despite commutations


October 2019 Newsletter

$30,000 instant asset write-off
Federal Court provides clarification on the PSI rules
Deductions for a company or trust home-based business
ATO impersonation scam update
Using the cents per kilometre method
Measuring the integrity of the ABR


September 2019 Newsletter

"Outrageous" deductions rejected
ATO guidance regarding incorrect ENCC determinations
ATO watching for foreign income this Tax Time
The ATO hits the road
Motor vehicle registries data matching program protocol






August 2019 Newsletter

Tax cuts become law
Low and middle income tax offset also now law
ATO "puts the brakes" on dodgy car claims
Private health insurance statements now optional
FBT and taxi travel
ATO rates and thresholds


July 2019 Newsletter

‘Cash in hand’ payments to workers no longer tax deductible
Uber drivers not employees
Making a Division 293 election
ATO targeting false laundry claims
Lifestyle assets data matching program
Tax time tips for small business
Fixing incorrectly issued excess NCCs determinations
Car parking threshold for 2020 FBT year
Trustee obligations on the ATO's radar: TFN reports


June 2019 Newsletter

Single Touch Payroll Update
Employees and payment summaries
Cryptocurrency data matching program
Tax office to double audits of 'dodgy' rental deductions
Paying super to backpackers
New rules for immediate write-offs



May 2019 Newsletter

Federal Election called!
2019/20 Budget Update
New industries entering the taxable payments reporting system
Scammers impersonate ATO phone numbers
FBT issues on the ATO's radar
FBT: Record-keeping exemption threshold
FBT: Benchmark interest rate


April 2019 Newsletter

Continued focus on the cash economy
Common errors with new GST withholding rules
Latest ATO benchmarks released
ATO warning regarding annual leave loading and OTE
Taxpayer living in serviced apartments overseas not a resident
Mostly vacant property still an 'active' asset

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