Tax
CategoryATO updates Taxpayer’s Charter
The ATO has updated the Taxpayer’s Charter which prioritises a relationship with the public built on mutual trust, courtesy and respect in..
ATO provisions for mental health
Small business owners suffering from mental health issues can seek the ATO’s help in meeting their taxation and super commitments.
If you..
Costs of switching your mortgage
Switching your mortgage to another lender will save you money on your home loan but will incur fees in the process.
Educate yourself on..
Record keeping for small businesses
Businesses that fail to keep accurate records may struggle to remain compliant at tax time and incur financial penalties from the ATO.
Fo..
Tax implications of a business restructure
Tax exemptions may apply to small businesses going through a restructure provided they meet certain criteria.
Typically when a business i..
ATO update: Check for $17.5 billion in lost super
The ATO’s new data revealed that although the total amount of lost and unclaimed super reduced by $420 million in 2017-2018, there is stil..
When can the ATO issue a default assessment for overdue lodgements
A default assessment is an assessment of taxable income for overdue tax returns or the net amount or assessable amount-for late activity s..
ATO reminder: fuel tax credit rates have increased
Fuel tax credit rates have increased on 1 August. The ATO reminds you to use the new rates to calculate claims on your next business activ..
ABS retail turnover rise in August
Australia retails turnover rose 0.3 per cent in August 2018, seasonally adjusted, according to the latest Australian Bureau of Statistics ..
ATO announces $20,000 instant asset write-off
The ATO has extended the $20,000 threshold to 30 June 2019.
If you buy an asset and it costs less than $20,000, you may write off the bus..