Compiled by our Tax Experts NTAA “Outrageous” deductions rejected The ATO has published some of the most unusual claims that they disallowed last financial year. Nearly 700,000 taxpayers claimed almost $2 billion of ‘other’ expenses, but the ATO’s systematic review of claims had found, and disallowed, some very unusual expenses, including: claims for Lego sets […]
NEWS
Practice Update: June 2019
Compiled by our Tax Experts the NTAA Single Touch Payroll Update Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll (‘STP’) from 1 July 2019. The ATO will be working with employers to support them as they transition to STP, including allowing small employers to start reporting any time […]
Practice Update: May 2019
Compiled by our Tax Experts NTAA. Federal Election called! The Federal Election has been called for Saturday 18 May 2019, and the Governor-General has ‘prorogued’ the Parliament from 11 April 2019 until 18 May 2019, and dissolved the House of Representatives. The election will also be for half the Senate. As a result, all outstanding […]
Practice Update: January/February 2019
Compiled by our Tax Experts the NTAA Division 293 assessments The ATO has been issuing ‘Additional tax on concessional contributions (Division 293) assessments’ with respect to liabilities relating to the 2018 income year. Division 293 imposes an additional 15% tax on certain concessional (i.e., taxable) superannuation contributions. It applies to individuals with income and concessional […]
Workplace Relations News: December 2018 By Tania Harris
Tasmanian Public Holidays 2019 A REFERENCE POINT to Learn Changes in Australian Law. Issues that Affect Your Business. Keeping Employers Up-to-Date. DOMESTIC VIOLENCE LEAVE INCLUDED IN NATIONAL EMPLOYMENT STANDARDS On 6 December 2018, the Fair Work Amendment (Family and Domestic Violence Leave) Bill 2018 (Bill) passed both Houses of Parliament. The Bill will come into effect on a date to […]