Articles
ATO’s New Cryptocurrency Data Matching [For Tax Compliance]
ATO receives cryptocurrency data The Australian Taxation Office (ATO) is collecting bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data ...
Staff Training Expenses And FBT
Are staff training expenses tax deductible? One of the recognised keys to business success is having knowledgeable, efficient and well-trained staff. But it is not ...
Donations As Tax Deductions (What You Need To Know)
Tax deduction for a donation As most of us know, donations of $2 or more are deductible, and there is flexibility in the rules around ...
Federal Budget Summary For 2019-2020
Economic plans and a budget summary for 2019-2020 The government plans to further strengthen the economy, with a forecast surplus of $7.1 billion dollars, this ...
Residential Rental Property And Travel Expenses
Claiming travel expenses related to residential rental property - new rules! The ATO recently highlighted significant non-compliance with the rules prohibiting taxpayers claiming travel expenses ...
The Importance Of Property Valuations For Tax Purposes
Getting a property valuation is necessary for tax purposes There are times when getting a valuation becomes necessary, especially to estimate the cost of transactions ...
Third Party FBT Danger (What To Look Out For)
Non-cash components of remuneration provided by a third party provider Some businesses have tripped up in the past is when the source of benefits provided ...
Single Touch Payroll (What You Need To Know)
What is Single Touch Payroll Reporting? Single Touch Payroll (STP) changes the way employers report their employees' tax and super information to the ATO Using ...
The ATO Introduces The New “Similar Business Test”
Changes to the “same business test” What is 'the same business' test? One of the first tax legislation items the government dealt with in the ...