Changes to Backpacker Tax Withholding Rates

International Tax for Individuals Coming to Australia on Working Holiday Visas   From the 1st January 2017 there are new changes to backpacker tax withholding rates. Employers need to be aware that they will need to take out more tax from any employees who are on...

Operators of Trust Accounts – Fact Sheet

QUICK TIPS FOR AUDITS OF TRUST ACCOUNTS Tip  One You need to maintain proper records for all funds held on trust at all times, failure to do so could result in fines and penalties. Tip Two You will receive two unannounced examinations from the auditor each financial...

Claiming for Travel Expenses

Itinerant “flexibility” not so flexible It is generally assumed that there is a degree of flexibility within the tax law over particular work travel claims that arise where the nature of the employment is deemed to be itinerant. If you do itinerant work...
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...