Tax on compensation received for inappropriate advice
July 8, 2019 12:00 am Comments Off on Tax on compensation received for inappropriate adviceAgain, the answer to a tax question is “it all depends”.
Author Archives for wybenga_admin
‘Extra care’ crucial in avoiding ATO spotlight this tax time
July 5, 2019 12:00 am Comments Off on ‘Extra care’ crucial in avoiding ATO spotlight this tax timeTax agents have been urged to apply “an extra bit of thought and extra care” into handling clients’ claims this tax time as ATO scrutiny mounts.
ATO clears up FAQs about Single Touch Payroll
June 30, 2019 12:00 am Comments Off on ATO clears up FAQs about Single Touch PayrollAhead of the 1 July deadline for small business to be compliant with the new Single Touch Payroll (STP) regime, the ATO and professionals alike have cleared up some common points of confusion about associated AUSkey and myGov requirements.
GST reporting: common errors and how to correct them
June 27, 2019 12:00 am Comments Off on GST reporting: common errors and how to correct themSome businesses are making simple mistakes reporting their GST. Common GST reporting errors are: transposition... View Article
LRBAs, guarantees in need of review after property market falls
June 23, 2019 12:00 am Comments Off on LRBAs, guarantees in need of review after property market fallsWith property markets taking a tumble in recent times, some SMSF clients may need to review the loan arrangements and guarantees they have, particularly where the loan-to-value ratio has significantly dropped, says an industry lawyer.
Victorian Property Valuation Cycle
June 20, 2019 12:00 am Comments Off on Victorian Property Valuation CycleValuations of Victorian properties are now undertaken annually instead of every two years.
Australia – toward EOFY 2019
June 16, 2019 12:00 am Comments Off on Australia – toward EOFY 2019One great source of data about Australia. Become better acquainted with the country we love.... View Article
ATO expects 200,000 to miss out on refunds by failing to lodge
June 12, 2019 12:00 am Comments Off on ATO expects 200,000 to miss out on refunds by failing to lodgeThe ATO expects that 200,000 people could miss out on a tax refund this... View Article
Biggest personal tax cuts in a decade a priority for Government
June 9, 2019 12:00 am Comments Off on Biggest personal tax cuts in a decade a priority for GovernmentPrime Minister Scott Morrison has signalled that getting his tax changes through parliament will be a top priority for his re-elected government.
Government rules out GST changes following ATO report
June 6, 2019 12:00 am Comments Off on Government rules out GST changes following ATO reportThe government has turned down suggestions that it is considering broadening the GST base, following reports that the ATO had called for GST to be revisited on certain exempt food items.
