News Articles

$20,000 instant Asset write-off ending soon!

$20,00 instant asset write-off ending 30th June 2018.

Is your tax return overdue

Tax return due dates vary and depend upon a range of criteria. However, if you are an individual lodging your own tax return, the deadline for lodgement of your tax return was October 31 2017.

Small business tax cuts

The government has reduced the income tax rate to 28.5 per cent for small business companies (i.e. with an aggregated annual turnover of less than $2 million).

Finding lost superannuation

The ATO recently announced its latest figures on lost and unclaimed superannuation accounts

Are you in the building & construction industry?

Have you paid any subcontractors - you may need to lodge a Taxable Payments Annual Report

Fuel Tax Credits

Fuel tax credit rates changed as from 1st August2017.

Audit Insurance

Audit Insurance protects you from the unexpected costs incurred in responding to an audit or review.

News for employers

Changes to PAYG withholding amounts

Government changes for property investors

Government changes to investment property deductions

TFN declaration forms

Employing new staff -TFN declaration forms can now be downloaded from ATO

Using business stock for private use

If you take an item of trading stock for your private use, remember to include its value in your assessable business income.

ATO cracking down on ‘sharing economy’

The ATO has warned it is focusing on taxpayers earning money from the “sharing economy” this tax time.