Single Touch Payroll Rollout to all Employers
Single Touch Payroll Rollout to all Employers February 14, 2019

Single Touch Payroll (STP) was introduced on 1st July 2018 for all businesses with 20 or more staff (substantial employers). The Bill to extend the STP reporting requirements to all employers, regardless of the number of employees, has now passed the Senate and will be Law.

Instant Asset Write-Off for Small Business Extended and Increased
Instant Asset Write-Off for Small Business Extended and Increased February 05, 2019

Prime Minister Scott Morrison has pledged to increase the small business instant asset write-off scheme from $20,000 to $25,000 and extend the scheme through to 30 June, 2020, instead of 2019.

Earning Accommodation Income From the Sharing Economy?
Earning Accommodation Income From the Sharing Economy? December 04, 2018

Christmas is almost here and for Airbnb hosts this signals an opportunity to earn some extra cash.  While online marketplaces like Airbnb may be a smart way to make use of idle assets, it's important to know what this extra income means for your tax position.

Cryptocurrency: Tax and Record Keeping Considerations
Cryptocurrency: Tax and Record Keeping Considerations December 03, 2018

Do you currently hold or are you considering investing in cryptocurrency? While cryptocurrencies have attracted the attention of investors and traders, they have also caught the attention of the Australian Taxation Office (ATO) who are monitoring this area with high level of interest.

The FBT and Tax Implications of Christmas Functions and Gifts
The FBT and Tax Implications of Christmas Functions and Gifts November 12, 2018

With Christmas just around the corner, many business owners are busy planning gifts and functions as a way to thank employees for their hard work during the year.  We are often asked how Fringe Benefits Tax (FBT) and Income Tax deductions apply to benefits such as Christmas Parties, gifts and bonuses.

How Cyber Secure is Your Business?
How Cyber Secure is Your Business? October 16, 2018

Technology is central to Australia’s economic growth.  While it brings significant opportunity for growth and efficiency, it also poses challenges for businesses to keep safe from cyber threats.

New Guidelines for Private Use of FBT Exempt Vehicles
New Guidelines for Private Use of FBT Exempt Vehicles September 17, 2018

The Australian Taxation Office (ATO) has released new draft guidelines for the private use of Fringe Benefits Tax (FBT) exempt vehicles.

Event-Based Reporting for SMSFs
Event-Based Reporting for SMSFs September 10, 2018

Self-managed super funds (SMSFs) have new event-based reporting obligations from 1 July 2018 due to the transfer balance cap measures and event-based reporting framework.

ATO Focus on Work-Related Expense Claims This Tax Time
ATO Focus on Work-Related Expense Claims This Tax Time August 27, 2018

ATO Assistant Commissioner, Kath Anderson, has announced a crackdown on work-related expense claims this tax time.  The increased scrutiny comes as a result of the first ever research into the income tax gap for individuals.

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