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Latest News

Personal deductions for car parking expenses - Tax Accountants Lidcombe

Car parking fees incurred in the course of producing assessable income are generally deductible, but special rules apply if the car is used by an employee to commute between home and work or the car is provided to the employee by the employer.

ATO actions on trusts and tax avoidance - Tax Accountants Hobart

The ATO says that it recognises that most trusts are used appropriately and for legitimate purposes. It says it will continue to help those who make genuine mistakes or are uncertain about how the law applies to their circumstances.

Essentials on taxable payments annual reports - Tax Accountants Clayton

Operators in some Australian industries as well as select government entities are required by the ATO to lodge a taxable payments annual report (TPAR).

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