Articles
Superannuation Tax Offsets
Tax offsets effect on your taxable income Tax offsets directly reduce the amount of tax payable on your taxable income. In general, offsets can reduce ...
Tax On Volunteer Payments And Expenses
Volunteer payments and expenses may have tax implications! From bushfire relief groups, sporting clubs, environmental groups, charity associations and many more, volunteers are an indispensable ...
Reconstructing Tax Records After A Natural Disaster
The ATO can help with lost records due to a natural disaster The ATO says it can help if you have lost your records due ...
Super Guarantee Payments Update For 2020
Update For Super Guarantee ATO's new super guarantee requirements From 1 January 2020, if you make super contributions for your employees under an effective salary ...
Personal Services Income In Detail
What is Personal Services Income? The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of ...
ATO Works On A Better E-Invoicing System
E-invoicing helps reduce payment times and improve cash flow The headline above may give the impression that electronic invoices are a futuristic concept, but of ...
PPSR (What Is It And How Does It Work?)
If you’re in business, you need to know about the PPSR ... Many businesses can take a simple step to better manage the risk that ...
Small Business | Low-Cost Assets And The Threshold Rule
The small business threshold rule There is a rule in the tax law that allows a business that doesn’t use simplified depreciation to claim an ...
Investment Strategy | SMSF Trustee Duty Not To Be Forgotten
Preparing an investment strategy The majority of people who set up their own SMSF say that "control" is a big reason for doing it. There ...