ATO is paying retail small business participants for a 6-month pilot to trial a monthly GST lodgment cycle. They are looking for small retail businesses who currently report and pay GST qua...Read MoreRead More
The ATO have seen some mistakes as employers have moved to STP Phase 2 reporting. The most common mistakes include:
Pay codes: Make sure you’ve set up your pay codes correctly, and ...Read MoreRead More
The small business lodgment penalty amnesty program commences on Thursday, 1 June. It gives agents and their small business clients an opportunity to get their outstanding tax returns and...Read MoreRead More
The Australian Cyber Security Centre (ACSC), the FBI and US Cybersecurity and Infrastructure Security Agency (CISA) urges organisations to take immediate steps to safeguard computer syste...Read MoreRead More
The Government will provide $1.9 million over 2 years from 2023-24 to "establish a public registry of beneficial ownership of companies and other legal vehicles, including trusts"...Read MoreRead More
The ATO has issued a media release setting out its three focus areas for what it terms "this Tax Time", ie the lodgement of 2022-23 returns.
The first area is rental property d...Read MoreRead More
The Prime Minister has announced the following measures designed to increase the supply of housing:
the depreciation rate for eligible new build-to-rent projects where construction c...Read MoreRead More
The ATO has issued draft legislative determination LI 2023/D12. It sets the cents per km method for calculating the work related car income tax deduction at 85 cents per km starting 1 July...Read MoreRead More
As year-end resolutions are being prepared, ATO reminds it is important to consider client’s trust deed and who is and isn’t a beneficiary of the trust. Where an FTE or IEE has been mad...Read MoreRead More
