Budget 2018: What’s in it for you
Budget 2018: What’s in it for you It’s May which means it’s Budget time. In the last full Budget before the next Federal election, the Treasurer delivered an election Budget with enough sweeteners for everyone including businesses, income tax relief…
Tax Inspector-General to review ATO’s use of garnishee notices
Tax Inspector-General to review ATO’s use of garnishee notices The Inspector-General of Taxation (IGT), Mr Ali Noroozi has announced an investigation into the allegations made during the ABC Four Corners program, aired on 9 April 2018, regarding the ATO’s use of garnishee notices. Garnishee…
ATO reaffirms car expense claims focus
The ATO has restated its commitment towards clamping down on people who claim more than they are entitled to around work-related car expenses. Over 3.75 million people made a work-related car expense claim in 2016-17, totalling around $8.8 billion, the…
Travel deductions to and from rental premises no longer allowed
Travel deductions to and from rental premises no longer allowed If you own residential premises that you rent out, you should be aware that you may no longer be able to claim travel deductions connected with trips you make to…
Can you claim a GST credit for that?
Good reminder from the ATO to look at the Tax Invoices you receive from your suppliers (& also the ones you issue!). The problem for us is if we receive an incorrect invoice from a supplier (they said they were…
small business super clearing house
Are you signed up to the new small business super clearing house? The small business superannuation clearing house (SBSCH) is a convenient service that allows a small business to make superannuation contributions for its employees in one single payment….