“Following the enactment of legislation in late 2019, the ATO can disclose certain business tax debt information to external credit reporting bureaus. This information will primarily be used when issuing external creditworthiness reports in relation to relevant businesses, effectively treating tax debts in a similar manner to other business debts.”
Read More“The story centres around how two different businesses dealt with a similar minor issue and how the outcome made all the difference – and will significantly impact this customer’s lifetime spend. One business went above and beyond to rectify the issue, and the other argued a legal point buried deep in fine print.”
Read More“The ATO has revealed it will request a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred horses, fine art, high-value motor vehicles and aircraft.”
Read More“The ATO has reminded business taxpayers they can no longer claim deductions for certain payments to workers if they have not met their PAYG withholding obligations from 1 July 2019…”
Read More“As the ATO's data-matching capabilities increase, they are paying close attention to capital gains made on shares, property and cryptocurrency…”
Read More“Editor: Unbelievably, scammers are still successfully bilking Australians out of tens of thousands of dollars, as a recent ATO scam report shows.”
Read More“The ‘cents per kilometre’ method broadly allows an individual taxpayer to claim up to a maximum of 5,000 business kilometres per car, per year without the need to keep any written evidence (e.g., receipts) of car expenses.”
Read More“The Federal Court recently handed down two decisions relating to the personal services income ('PSI') rules. Income is classified as PSI when more than 50% of the income received under a contract is for a taxpayer’s labour, skills or expertise…”
Read More“We are pleased to announce that we are Finalists in the 26th Belmont and Western Australia Small Business Awards 2019. We would like to thank all of our great clients for choosing to work with us to achieve your goals.”
Read More“The ATO will match the data provided by the State and Territory motor vehicle registering authorities against the ATO’s taxpayer records with the objective of identifying those who may not be meeting their registration, reporting, lodgment and payment obligations.”
Read More
