by epoch | Sep 3, 2019 | eNews
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect sense in the real world does not always make sense for the Australian Taxation Office (ATO). In general,...
by epoch | Sep 3, 2019 | eNews
Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated ‘tax gap’. These new figures give visibility to tax compliance issues within the small business sector and indicate where we can...
by epoch | Aug 7, 2019 | eNews
The Australian Taxation Office (ATO) has been inundated with calls from taxpayers wanting to know where their money is and how they can access the $1,080 they now believe is owing to them. To date, more than 1.3 million returns have been processed with more than $3...
by epoch | Aug 7, 2019 | eNews
When an employee uses a taxi service for travel to or from work or if the employee is sick, it is generally exempt from Fringe Benefits Tax (FBT) under the FBT taxi travel exemption. The question is, what about Uber and other ride sharing services, do they also...
by epoch | Aug 7, 2019 | eNews
From 1 January 2020 the Government intends to restrict the value of cash payments a business make or accepts to amounts under $10,000. Ignoring the limit will become a criminal offence with penalties of up to 2 years in prison and/or $25,200*. Payments of $10,000 or...
