On 21 April 2015, the Australian Taxation Office (ATO) gazetted a notice advising that it will be requesting and collecting online selling data relating to registrants that sold goods and services of a total value of $10,000 or more for the period from 1 July 2013 to 30 June 2014. This acquired data, which will Read More…
ATO – are you ready for an Audit
Wednesday 8 April, 2015 by
As a taxpayer, you mustn’t forget it is your obligation to ensure that your tax return is correct. You cannot just assume that by using the services of a Registered Tax Agent to prepare & lodge your tax return, that your obligations are reduced. In recent rulings, the ATO has emphasised that taxpayers cannot use the Read More…
SMSF’s & Illegal Activities
Wednesday 1 April, 2015 by
With the number of self-managed super funds growing by the day, SMSF’s are being targeted by scammers who want your money. An offer to help you get your superannuation money early might seem like a great idea. But if you agree to it you could end up in a lot of trouble. Accessing your super Read More…
ATO news July 2014
Monday 7 July, 2014 by
Below are some important new services and advice from the Australian Tax Office. If you wish to discuss any of these further, please contact our office. ATO warning on 2013/14 work-related deductions This tax time the ATO says that, in relation to work-related expenses, it will not be limiting its attention to certain occupations. Instead, particular attention Read More…
Instant Asset Write Off
Thursday 12 December, 2013 by
INSTANT ASSET WRITE OFF This is an update just released by the Tax Office that relates to small business with sales under 2 million. There is a draft Bill currently under debate in Federal Parliament which seeks to repeal the $6,500 instant asset write off, as well as the $5,000 accelerated motor vehicle deduction. It seems Read More…
