News

If you have previously claimed work-related clothing expenses and laundry expenses in your tax return, you should beware this tax time because the ATO is cracking down on these claims. According to the ATO, clothing claims went up nearly 20% over the last 5 years...

If you run a business, you’ve probably heard a lot about Single Touch Payroll (STP) recently, so what is it and how does it affect you? Basically, STP aligns your reporting obligations to the ATO to your payroll processes. Each pay cycle you send information...

As a consequence of the allegations aired by current and former ATO staff about the inappropriate use of ATO’s powers to issue garnishee notices, particularly to small businesses, on the Four Corners Program. The Inspector-General of Taxation (IGT) has now commenced an independent review to...

It’s tax time again, as you gather your receipts and other assorted tax documents, you should also turn you mind to what the ATO is paying close attention to this year for individuals. This year, the ATO is focusing on taxpayers who claim “other” work-related...

Have you looked at your trust deed recently? If you have a trust, chances are it was set up by your accountant or solicitor. Look closely at your deed and you’ll notice that it will specify a date on which the interests in the trust...

A recent interview with Tax Commissioner Chris Jordan revealed details of what the ATO will be paying particular attention to tax time this year. Perhaps not surprising, but the ATO will be targeting businesses that deal in cash. As a part of its cash and...