With help from the internet, a new business model is quietly turning millions of ‘average Joes’ into entrepreneurs. Uber is connecting riders with drivers through apps. Airbnb is connecting hosts... read more →
Some small businesses make simple mistakes; others just don’t provide the right information. Make sure your business is not caught out by filling out your business activity statement correctly. Here... read more →
Individuals can claim tax deductions when giving gifts or donations to organisations that have the status of deductible gift recipients (DGR). To be eligible to claim a tax deduction for... read more →
The Government is now giving individuals a greater incentive to work without being taxed more by making a start to personal income tax relief. The changes will take place from... read more →
The ATO has begun issuing letters to rental property owners in popular holiday locations whose rental income was lower than expected. In the lead up to the end of financial... read more →
Don’t get caught out by the ATO when lodging your work related expense claim this financial year. Unusually high work-related expense claims from any industry or occupation in the country... read more →
The Commissioner of Taxation is encouraging taxpayers to declare tax shortfalls at their own discretion. Usually, an underpayment in tax will incur a serious penalty on top of interest. However,... read more →
The fuel tax credit scheme plays a vital role in sustaining the production of goods and services in regional Australia by providing a credit for the tax included in the... read more →
Whilst there were no significant taxation proposals in this year’s Budget, the Government has made some relatively conservative changes to FBT exemption and employee share schemes. FBT exemption for electronic... read more →
Working out travel and car related tax deductions can be an extremely complicated area of tax compliance. For individuals, car and travel related expenses can be one of the more... read more →