Category: Tax

Minimum wage increases by 1.75%
Tax

Minimum wage increases by 1.75%

The Fair Work Commission has announced an 1.75% increase to minimum wage starting from the first full pay period after 1 July 2020.

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The risks early lodgers face
Tax, Uncategorized

The risks early lodgers face

Tax time is near, but the ATO is urging individuals to take extra time when preparing their tax return to minimise their risk of making a mistake.

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Covid 19 School Lockdowns And Remote Working. Stressed Man Trying To Work From Home With Bored Son
Tax

Working from home as an employee – what can I claim?

Times are changing from day to day, are you one the fortunate people who are able to continue in employment and work from home?

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Hanging File Folder Labeled With Salaries
Tax

Government Incentives for COVID-19 – Practical Example based on Employee $60K

This is a worked example on a really small business and the scenario sees Sammy’s Solar Installations Pty Ltd receive almost $40,000 in government incentives.

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Untitled Design (40)
Tax

ATO targets incorrect claims for ‘lifestyle’ assets

The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts.

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Untitled Design (39)
Property, Tax

CGT and the family home: expats and foreigners excluded from tax exemption

Late in 2019, legislative changes were made that exclude non-residents from accessing the main residence exemption.

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Coronavirus Virus Outbreak
Tax

COVID-19 Second $66.1bn Stimulus Package: What you need to know

On Sunday 22 March, 2020 the Government released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws.

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Untitled Design (34)
Tax

What types of insurance should a business have?

Insurance often seems like an enormous waste of money… until you need the cover.

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Tax

Should you have Tax Audit Insurance?

Many small business owners need to question whether or not to purchase tax audit insurance.

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Tax

Warning About Distributions To Non-Resident Beneficiaries

The ATO’s recently released interpretation will have a significant negative impact for some.

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Untitled Design (4)
Tax

All online accommodation providers now required to charge GST

Previously, offshore sellers of Australian commercial accommodation had been exempt from the rule.

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Untitled Design 14
Tax

Can the tax office take money out of your account? It’s your right to know.

If the ATO has queries or suspects something is not right, you need to be able to respond.

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