Keeping up with the latest in the accounting news.
Keeping up with the latest in the accounting news.
General
WHAT HAS PARLIAMENT DONE?
Posted by Todd Hodkinson on February 1, 2023
Over the past couple of months, Parliment has been busy passing laws that affect small businesses and the tax world. Here is our summary of some of the recent changes: […]
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General
Five new year’s tax resolutions
Posted by Todd Hodkinson on February 1, 2023
The ATO has published on its website 5 new year’s resolutions to keep if you want to stay on top of your tax in 2023. Know if you’re in business […]
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General
Christmas Parties & Gifts 2022
Posted by Todd Hodkinson on December 5, 2022
Year-end (and other) staff parties With the well earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event. However, […]
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General
Requesting stapled super fund details for new employees
Posted by Todd Hodkinson on December 5, 2022
The ATO is reminding employers that, when they have new employees that have not provided them with their choice of super fund, super contributions should be made into: the employee’s […]
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General
Chef spending most of a year on cruise ships still a ‘resident’
Posted by Todd Hodkinson on December 5, 2022
The AAT has also held that a taxpayer, an Australian chef with over 20 years’ experience both in Australia and overseas, was an Australian resident for taxation purposes in the […]
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General
Input tax credits denied due to lodging BASs late
Posted by Todd Hodkinson on December 5, 2022
The Administrative Appeal Tribunal (‘AAT’) has held that a taxpayer could not claim $91,239 of input tax credits (‘ITCs’) at least partly because it lodged the relevant BASs more than […]
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General
ATO’s record-keeping tips
Posted by Todd Hodkinson on December 5, 2022
The ATO has reminded taxpayers that they should understand the record-keeping requirements for their business and keep accurate and complete records as they occur, as this should help them avoid […]
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General
ATO warning to SMSFs: “Paying the price for non-compliance”.
Posted by Todd Hodkinson on December 5, 2022
There are various courses of action available to the ATO when trustees of self-managed super funds (‘SMSFs’) have not complied with the super laws, including applying administrative penalties. A number […]
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General
Optus data breach
Posted by Todd Hodkinson on November 1, 2022
The ATO is aware of the recent Optus data breach and that people who have been affected might be concerned about their personal data, and is assuring people that ATO […]
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General
Check that holiday employees get the right super
Posted by Todd Hodkinson on November 1, 2022
The ATO is reminding employers that the holiday season is fast approaching, and that their holiday casuals may now be eligible for super. From 1 July 2022, employers need to […]
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