by admin | May 17, 2017 | Did You Know, News
Australian Federal Budget Review – 2017/18 Write off for Small Business – Instant $20,000 extended for further 12 months to 30 June 2018 The threshold amount was due to return to $1,000 on 1 July 2017. As a result of this announcement, SBEs will be able...
by admin | Jan 20, 2017 | Did You Know, News
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...
by admin | Dec 8, 2016 | Did You Know, News
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...
by admin | Dec 8, 2016 | Did You Know, News
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...
by admin | Dec 8, 2016 | Did You Know, News
Taxable Payment Reports – Building & Construction Industry Businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. You need to report these payments...
by admin | Sep 16, 2016 | Did You Know, News
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...
