In 2016 ATO is Targeting Work-Related Expenses

In 2016 ATO is Targeting Work-Related Expenses

Work-Related Expenses – Are you Claiming Correctly Every tax season the ATO has a specific set of targets, and this year it’s work-related expenses. The ATO hopes to expose individuals who deliberately rort the system. The Tax Office has implemented a new...

SUPERSTREAM

SuperStream – Are you compliant! What is SuperStream? Superstream has been introduced to ensure employer contibutions are paid in a consistent, timely and efficient manner. As an employer you are required to: send all contribution data electronically in a...

Private Health Insurance

PRIVATE HEALTH INSURANCE – HANDY INFO TO KNOW Many people don’t realise that they can enjoy the benefits of private health insurance for the same price or less then they have to pay in tax for not having private hospital cover. The Federal Government wants to...

Individuals Tax Tips

Individuals Tax Tips – What are you eligible for? Do you know what tax deductions and offsets you may be eligible for? The following tips may help you legitimately reduce your tax liability in your 2016-17 return. Claim work-related deductions Claiming all your...

Small Business Tax Tips

Helpful Small Business Tax Tips The government’s approved its proposed increase to the annual small business threshold to a turnover of up to $10 million from 1 July 2016 (previously only $2 million). Small businesses (sole traders, partnerships, companies...