October 30, 2019
Five simplified accounting methods (SAMs) have been designed for food retailers that buy and sell a mixture of products, where some are taxable and some are GST-free.
You can choose one of these SAMs to help work out your GST for each tax period. If you decide to use a...
June 19, 2019
The Australian Taxation Office (ATO) today reminded employers that any unreported ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible.
‘Cash in hand’ refers to cash payments to employees that do not comply with pay as you go (PAYG) w...
May 1, 2019
The start date for small employers, those with 19 or less employees, to begin Single Touch Payroll (STP) reporting is quickly approaching.
See following information to help with transitioning to the new system.
If any of our clients need help with STP please give our off...
February 6, 2019
The Australian Taxation Office (ATO) is warning taxpayers to be alert for scammers impersonating the ATO, as they change tactics in 2019.
Assistant Commissioner Karen Foat said scammers have been developing new ways to get taxpayers’ money and personal information over...
December 5, 2018
Base rate entity company tax rate
From the 2017–18 income year, companies that are base rate entities must apply the lower 27.5% company tax rate.
A base rate entity is a company that both:
has an aggregated turnover less than the aggregated turnover threshold – which...
November 7, 2018
From 1 July 2017, travel expenses relating to a residential investment property are not deductible.
A residential premise (property) is land or a building that is:
occupied as a residence or for residential accommodation
intended to be occupied, and is capable o...
August 23, 2018
Deputy Commissioner Mark Konza, PSM
Opening address to the Tax Institute's 2018 National Transfer Pricing Conference
Sydney, 8 August 2018
(Check against delivery)
Thank you for the opportunity to talk to you today.
Today, I would like to talk about the future of transfer p...
August 22, 2018
As part of its focus on sharing activities, the Australian Taxation Office (ATO) has announced it will be turning its attention to anyone earning income through car sharing platforms, in a bid to make sure they stay on the right side of the tax law.
The growing populari...
June 20, 2018
From 1 July 2018, businesses that sell goods into Australia and meet the goods and services (GST) registration threshold of A$75,000 will need to register and pay GST on goods that are:
less than A$1,000
imported into Australia
not GST-free items (for exam...
June 6, 2018
On 24 May 2018, Minister for Revenue and Financial Services announcedExternal Link the commencement of a 12 month Superannuation Guarantee Amnesty (the Amnesty).
The Amnesty is a one-off opportunity for employers to self-correct past super guarantee(SG) n...
GST for food retailers – Simplified accounting methods
Unreported ‘cash in hand’ payments to workers no longer tax deductible
Single Touch Payroll STP
New Year, New Scam
Changes to company tax rates
Residential rental property travel expenses
The future of transfer pricing: an Australian perspective
Attention all car owners - you must declare what you share!
Applying GST to low value imported goods
Proposed Superannuation Guarantee Amnesty
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