It is that time of year again and below are a number of 2014 year end tax tips that may assist you. Bad debts Bad debts are taxable... read more →
From 1 April 2014 taxpayers will be required to provide their financial institution account (FIA) details when lodging fringe benefit tax returns. From 1 July 2014 taxpayers will be... read more →
The ATO has warned SMSF trustees about a new range of administrative penalties that can be imposed for a range of breaches of the law. This includes breaches that... read more →
In 2014, the ATO will be implementing changes to stop paper activity statements being sent. This change will apply when the businesses last lodged activity statement was electronic. ... read more →
In recent years, the ATO have noticed an increase in the number of invalid objections and withdrawn objections lodged by clients. In 2012-13, the ATO received over 2,600 invalid... read more →
Employers are reminded that the ATO will be focusing on businesses not complying with the Fringe benefits tax (FBT) system in 2013-14. The ATO will be paying particular attention... read more →
The Australian Crime Commission (ACC) and the ATO are working together to identify and catch tax cheats. The $2 million contract commenced on 26 August 2013 and will be in... read more →
A new dependant tax offset allows individuals to claim an offset for invalids and carers. At the start of the 2012-13 financial year, the ATO made some changes to... read more →
The Australian Crime Commission (ACC) and the ATO are working together to identify and catch tax cheats. The $2 million contract commenced on 26 August 2013 and will be... read more →
Small businesses are running serious financial risks due to their lack of knowledge about the tax system. A study of more than 1000 Australian small business owners showed that 69... read more →