Tax payable on expenditure recoupments
March 16, 2019 12:00 am Comments Off on Tax payable on expenditure recoupmentsA Full Federal Court decision has confirmed a mismatch between capital expenditure and government grants.
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ATO identifies SMSF contravention red flags
March 13, 2019 12:00 am Comments Off on ATO identifies SMSF contravention red flagsThe ATO has identified certain red flags and problem areas with SMSFs that will attract its attention, ahead of tax time 2019.
Who wins dispute about taxable income?
March 9, 2019 12:00 am Comments Off on Who wins dispute about taxable income?The Administrative Appeals Tribunal (AAT) has affirmed the ATO’s decision, based on the taxpayers modest income when compared with a high volume of money passing through various accounts.
Australia – facts & figures March 2019
March 6, 2019 12:00 am Comments Off on Australia – facts & figures March 2019One great source of data about Australia. Become better acquainted with the country we love.
Strategies to handle scam phone calls and problem e-mails.
February 28, 2019 12:00 am Comments Off on Strategies to handle scam phone calls and problem e-mails.Many people have received telephone calls, recorded messages and e-mails from scammers claiming to... View Article
Instant asset write-off threshold upped to $25k
February 25, 2019 12:00 am Comments Off on Instant asset write-off threshold upped to $25kThe government has increased the threshold for the instant asset write-off to $25,000 as it looks to entice the small business sector ahead of a federal election.
Jail time for GST fraud
February 23, 2019 12:00 am Comments Off on Jail time for GST fraudWarning: Very recent cases where GST fraud have landed business people in jail.
Correcting GST Errors
February 20, 2019 12:00 am Comments Off on Correcting GST ErrorsIf a taxpayer finds a mistake made on a previous activity statement, they can:-... View Article
Fuel tax credit rates raised
February 17, 2019 12:00 am Comments Off on Fuel tax credit rates raisedThe ATO have raised the fuel tax credit rates following an update of the December quarter consumer price index.
ATO set to contact clients for overdue TPAR
February 14, 2019 12:00 am Comments Off on ATO set to contact clients for overdue TPARThe Tax Office will begin contacting clients in the building and construction industry about their overdue taxable payments annual reports.
