GST for food retailers – Simplified accounting methods
Five simplified accounting methods (SAMs) have been designed for food retailers that buy and sell a mixture of products, where some are...
Unreported ‘cash in hand’ payments to workers no longer tax deductible
The Australian Taxation Office (ATO) today reminded employers that any unreported ‘cash in hand’ payments made to workers from 1 July...
Single Touch Payroll STP
The start date for small employers, those with 19 or less employees, to begin Single Touch Payroll (STP) reporting is quickly...
New Year, New Scam
The Australian Taxation Office (ATO) is warning taxpayers to be alert for scammers impersonating the ATO, as they change tactics in 2019....
Changes to company tax rates
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...
Residential rental property travel expenses
From 1 July 2017, travel expenses relating to a residential investment property are not deductible. A residential premise (property) is...
The future of transfer pricing: an Australian perspective
Deputy Commissioner Mark Konza, PSM Opening address to the Tax Institute's 2018 National Transfer Pricing Conference Sydney, 8 August...
Attention all car owners - you must declare what you share!
As part of its focus on sharing activities, the Australian Taxation Office (ATO) has announced it will be turning its attention to anyone...
Applying GST to low value imported goods
From 1 July 2018, businesses that sell goods into Australia and meet the goods and services (GST) registration threshold of A$75,000 will...
Proposed Superannuation Guarantee Amnesty
On 24 May 2018, Minister for Revenue and Financial Services announcedExternal Link the commencement of a 12 month Superannuation...
