Author Archives: steve

The ATO will be doing further crackdowns this year- even more reason to have a registered accountant do your 18/19 tax return.   https://www.news.com.au/finance/money/tax/well-see-far-more-audits-and-more-letters-ato-to-ramp-up-crackdown-on-dodgy-returns/news-story/050b85f35b65600baa7c622bea9de129?fbclid=IwAR0RRZVs-JSbPTZMSewrAzLIsInOf0LLjeUQm1l6uTXIBKHFjm347mbn5NY

As of last financial year the ATO has aligned with Centrelink to recoup any outstanding debts owed, if you have an outstanding debt with Centrelink this may affect the tax return you receive back, this is still applied if you … Continue reading →

All entities in construction industries must report payments to contractors on the Taxable Payments Annual Report (TPAR). The TPAR is due by 28 August so cannot be part of the tax return preparation.

Another Government mandated nightmare is heading your way if you have employees (even yourself as an employee of your own company). From 1 July 2018 you must use Single Touch Payroll if you have 20 or more employees. That may … Continue reading →

We finally have some short term certainty about superannuation: Superannuation Guarantee: The Superannuation Guarantee requires your employer to make superannuation contributions for all employees both casual and full time earning over $450 per month, and for contractors in some cases, … Continue reading →

Contractor payments 2016-19 The ATO will acquire data from businesses that it visits as part of its employer obligations compliance program during the 2016-17, 2017-18 and 2018-19 financial years. Data to be collected include: ABN of the payer business; ABN … Continue reading →

Medical expenses tax offset abolished from 1 July 2015 except for disability aids, attendant care or aged care expenses. Dependant spouse tax offset abolished from 1 July 2014 Mature Aged Worker Tax Offset abolished from 1 July 2014