News And Articles





August 2020 Newsletter

Extension of the JobKeeper Payment
     - Extended JobKeeper Payment Rates
     - Additional New Turnover Tests
80 cents per hour 'shortcut' method for home office expenses has been extended



July 2020 Newsletter

Treasury Laws Amendment (2020 Measures No 3) Bill 2020
Treasury Laws Amendment (2019 Measures No 3) Bill 2019
Regulations confirm no SG obligation on JobKeeper payments where work is not performed
COVID-19 and Division 7A relief


May 2020 Newsletter

Coronavirus: Government’s JobKeeper Payment
Shortcut method to claim deductions if working from home
SMSFs may be able to offer rental relief to related party tenants
ATO reminder about salary packaged super



April 2020 Newsletter

Coronavirus: Government announces new tax measures
ATO's support measures to assist those affected by COVID-19
New laws can make directors personally liable for GST
New super guarantee amnesty
New vacant land tax measures
ATO on property investments





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


March 2019 Newsletter

Changes to the small business instant asset write-off
Tax scammer alert!
Non-compliant payments to workers
What’s new for Australian business


January/February 2019 Newsletter

Division 293 assessments
Claims for home office expenses increased
MYEFO report
Taxation of income for an individual’s fame or image


December 2018 Newsletter

Company loans to shareholders under review
ATO to send text messages if bank account details incorrect
ATO contact regarding business cars and Fringe Benefits Tax ('FBT')
External collection agencies to enforce ATO lodgment obligations
ATO data matching and share transactions
Improvements to employee share schemes announced
ATO guidance regarding 'downsizer contributions'


November 2018 Newsletter

Fast-tracking tax cuts for small and medium businesses
Proposed expansion of STP to smaller employers
Expansion of the TPRS
Ban on electronic sales suppression tools
Scammers impersonating tax agents


October 2018 Newsletter

Increased scrutiny of home office claims
More help for drought-affected farmers
Increase in Private Health Insurance excesses
Legislation to combat illegal phoenix activity


September 2018 Newsletter

SG Amnesty still pending
The Company Tax Rate Saga
Division 7A benchmark interest rate for 2019
Black economy recommendations will impact day-to-day business
Removing tax deductions for PAYG failure
Further expansion of the taxable payments reporting system (‘TPRS’)
Crowdfunding donations to help drought-affected farmers


August 2018 Newsletter

Further company tax cuts deferred (for now . . .)
ATO guide to the 5 most common Tax Time mistakes
Single Touch Payroll Update
Cents per Km Deduction Rate for Car Expenses from 1 July 2018
Suburban scammers pushing illegal early access to super
Transacting with cryptocurrency


July 2018 Newsletter

Personal Income Tax Cuts passed!
Early release of super on compassionate grounds: ATO
ATO putting clothing claims through the wringer
Tax time tips for small business