Tax time: Are you in the ATO’s sights?
A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect…
ATO reminder – What's new for small business?
The ATO has issued a timely reminder before the end of the financial year on the changes announced in last year's Budget: Instant asset write-off – simpler depreciation rules Small…
Warning to employers to withhold tax from some car allowances
The ATO has reminded taxpayers that, in relation to claiming car expenses, the one-third of actual expenses method and 12% of original value method were abolished from 1 July 2015.…