News

Beware of clothing deductions this tax time

Beware of clothing deductions this tax time Beware of work-related clothing and laundry expense claims this tax time, the ATO is cracking down on individuals making unsubstantiated and exaggerated claims. It has reminded taxpayers that only uniform, protective or...

Super guarantee underpayments: employer amnesty

Super guarantee underpayments: employer amnesty Are you an employer that’s fallen a little behind on super guarantee (SG) payments for your employees? Don’t despair, the Government has announced a one-off amnesty to run until 24 May 2019, to allow employers to...

Independent ATO review for small businesses

Independent ATO review for small businesses The ATO has started a 12-month pilot program for independent ATO review for small business disputes in response to the recent negative media attention it has received. While the pilot only encompasses income tax audits in...

Cash Payments Limit Coming Soon

Cash Payments Limit Coming Soon The Government is planning to introduce an economy-wide cash payment limit of $10,000 as a part of its crackdown on the black economy. Any transaction that exceeds $10,000 will need to be made using an electronic system or by cheque....

Compensation from the ATO

Compensation from the ATO With all the media attention around the ATO’s alleged rough treatment of the small business segment. Many of these small business owners may think that they have a case for compensation from the ATO for everything that they have been through....

Are you making the most of your tax concessions?

Are you making the most of your tax concessions? There’s still time for you to take advantage of small business tax concessions before the end of the financial year. If you act before 30 June, you can make the most of some concessions. For example: Instant asset...

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