Tag: Uncategorized

IN CASE YOU MISSED IT ATO extends Division 7A COVID-19 relief The Tax Office has extended relief for taxpayers who are unable to meet the minimum yearly repayments on Division 7A loans due to COVID-19. More >

The ATO has started to shift its focus back to compliance and ensuring that business has and will comply with the law. Source: First criminal conviction made under JobKeeper scheme | MyBusiness

This is why as accountants we question what can be claimed and what evidence we are supplied with, it is not that we lack trust but we have a professional obligation to protect your interest. Source: Overclaimed work-related expenses sees agent disqualified | Accountants Daily

Even though you might be going through tough times in your business you still need to ensure that you comply with relevant work place laws.  To assist you we recommend that you review your obligations for staff before reducing hours, laying off staff and have a plan in place to ensure the long term viability…

In response to client questions about the corona virus there is a lot of information being talked about, what am entitled to, how much will I get, how do I get this, do I have to apply.  To assist clients we have shared this link, if you would like to know more about your options…

Source: Federal Court rules on personal services income cases | Accountants Daily One of the most misunderstood areas of taxation, can you split income? can you pay your spouse? #PSI #PSB #ATO #Tax, #advice #accounting #business #audit

Source: STP to cover all businesses as legislation passes | Accountants Daily For those who employ staff, this is a game changer.  Your compliance for staff will become harder from 1 July 2019 with STP being passed into legislation, if you need help please feel free to contact us.

Source: Tax office strike on Airbnb and Uber users The timing of this could not be more critical, mid way through a tax year and the ATO are planning on targeting income that has not been declared. #airbnb #uber #tax #travel #business #advice #ATO #audit #taxfree

Source: Agent’s tax debts could trigger client audits: ATO | Accountants Daily Is your agent upto date with their lodgements, if they are unable to look after their own affairs how can they look after yours is the view taken by the ATO.  They are using the agents non lodgement as a method of selecting…