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 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…
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…
Bitcoin Part 1 – personal investors Bitcoin seems to be all the rage at the moment, and while we all know vaguely what it is, the tax consequences of investing in bitcoin aren’t as apparent. In our two-part series, we…
Excessive card surcharges banned to all businesses Australia’s consumer law has changed to limit the amounts that businesses can surcharge customers for using payment methods such as credit, debit and prepaid cards. A ban on excessive card surcharges now applies…
Super concessional contributions: beware of going over the limit If you are either an employee or a self-employed person and you top up your super by making deductible contributions, you need to be aware of not breaching the annual $25,000…