Rental travel expenses mostly off the table - Tax Accountants Hoppers Crossing
The ATO recently highlighted significant non-compliance with the rules prohibiting taxpayers claiming travel expenses related to residential rental properties.
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The new “consumer” rules for GST and online purchases - Tax Accountants Hervey Bay
Australians have been taking full advantage of the offerings on the digital marketplace with gusto for years now, but it has only been relatively recently that the rules for goods and services tax (GST) have caught up.
Removing tax deductibility of ‘non-compliant’ payments - Tax Accountants Gosnells
From 1 July 2019, businesses will only be able to claim deductions for payments that are made to workers (employees or contractors) when the employer has complied with the pay-as-you-go (PAYG) withholding and other tax reporting obligations for that payment.
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The same business test to be replaced by a “similar business” test - Tax Accountants Fountain Gate
Among the first batch of tax legislation the government dealt with in the new year was a bill that contained changes to the “same business” test.
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SMSF stats just keep getting better - Tax Accountants Footscray
The ATO has recently released the latest of what has become a regular update on the state of the SMSF market. The Self-managed super fund statistical report, with the latest covering the quarter to March this year, has become an anticipated overview for many in the SMSF arena — containing as it usually does some good news.
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Tax deductions specifically for SMSFs - Tax Accountants Dandenong
One overarching fundamental that SMSF trustees should ideally keep in mind is the sole purpose test — that is, every decision made and action taken is required to be seen as being undertaken for the sole purpose of providing retirement benefits for the fund’s members.
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