The Christmas season is fast approaching and with this comes our festive moods and celebration preparations. As the holidays are getting near, companies are also preparing for their respective festive season parties. It is important to celebrate and enjoy the festivities but it is also important to keep in mind a few pointers in orderread more

Last year, McKinley Plowman reported that the ATO will be watching over business transactions held in eBay. It will now be making good on its promise. Are you selling or planning on conducting business on eBay? If yes, then it is important to know the rules mandated in order to avoid penalties and complications. Theread more

For employees who are conducting a portion of their work from a home office, the ATO has increased the rate of home office expenses related deductions. From the previous rate of 34 cents an hour, the fixed rate has been increased by more than 32 percent to 45 cents an hour. The employee can onlyread more

The 2015 Taxable Payments Annual Report is due on 28 August 2015 for those who are in the building and construction industry who pay contractors for building and construction services. The total amount of payments made to each contractor must be reported each year by businesses in the industry. The aim of the taxable payments reportingread more

With 30 June well behind us it's time to collate your tax records to ensure ATO (Australian Taxation Office) deadlines are comfortably met. Although not yet due, there are advantages of preparing your tax return now, even if we don't lodge it straight away. The reason could be: To get your tax refund To budgetread more

Are you interested in putting together a tax plan or just looking for extra ideas for tax time? To assist with finding the bit most relevant to you in reading this planning document, we have divided the topics into: General year-end tax planning tips; Business year-end tax planning tips; Individuals year-end tax planning tips; Year-endread more

With the end of another financial year nearly upon us and thoughts turning to our next income tax returns, it is timely to consider what factors may trigger an Australian Taxation Office (ATO) audit. In recent years, the ATO has implemented sophisticated data matching technology and is better equipped than ever before to scrutinise financialread more