Posts Tagged ‘tax’
In the constantly shifting landscape of Australian legislation and tax reforms, it can be tricky to keep up – even if you’re living here. But what if you move overseas? Aussie expats who sell their former family home are generally entitled to some or all of the Main Residence Capital Gains Tax (CGT) exemptions onread more
Travelling for work often means tax deductions – great news at tax time, especially if you aren’t keen to line the tax man’s pockets with any more money than absolutely necessary. But what happens when you get it wrong? Intentionally or otherwise, the Australian Taxation Office (ATO) is becoming increasingly vigilant when it comes toread more
Amongst all of the different areas the Australian Taxation Office (ATO) cracks down on from time to time, it can be hard to know what applies to you and what doesn’t. But for those receiving income from sources overseas, the ATO has recently provided guidance that aims to alleviate the confusion and ensure that everyoneread more
Does your business employ trainees? If so, be aware that the payroll tax exemption for trainee wages has now been removed. As payroll tax is self-assessed, the onus is on you as an employer to ensure the information you provide to the government is correct, and that you comply with your tax obligations. The Departmentread more
Employee travel has long caused employers headaches when it comes to Fringe Benefits Tax (FBT) and claiming deductions. For those organisations that require employees to travel fairly regularly for things like meetings, seminars and other events, providing this travel is often a great way to ensure that your team get where they need to goread more
With tax time coming up very soon, many of us will be looking towards our tax returns and working out what we can claim for this financial year. A very common area people claim deductions in is car travel and other vehicle-related expenses. While there are many options available for things to claim, the Australianread more
Do you own a rental property? Off the back of finding that the vast majority of rental property owners are making mistakes on their tax returns, the Australian Taxation Office (ATO) is now scrutinising related deductions closer than ever. This has led to the announcement of increased audit activity, in order to ensure ongoing complianceread more
Unannounced visitors might be a bit of an inconvenience so some, but for businesses there’s no guest less welcome than the Australian Taxation Office (ATO). While the ATO tends to keep workplace visits to a minimum, and target those that they know are doing the wrong thing, new benchmarking data for small businesses means theyread more
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