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 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…
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…
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….
Tax debts to affect your credit score Tax debts could soon affect the credit scores of businesses, with the government’s introduction of draft legislation to allow ATO to share debt details of businesses to credit rating agencies. The proposal only…
Underpayment of workers: are you liable? The exploitation of vulnerable workers has been getting a lot of press recently, but did you know that it is not just the company or business involved that may be liable to penalties? In…