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Bushfire Relief from ATO Obligations
The ATO has provided relief from lodgement compliance and payment obligations for those impacted by the bushfires. An automatic two month...
Accounting Associates
Dec 20, 20191 min read
Super Guarantee Opt-Out for Employees with Multiple Employers
Employees with multiple employers can now opt-out of superannuation guarantee from all but one employer. Employers are required to pay...
Accounting Associates
Dec 13, 20192 min read
The Super Guarantee Timing Trap for Employers
Employers are being caught out by the timing of superannuation guarantee payments. Employers can generally only claim a deduction for...
Accounting Associates
Dec 6, 20192 min read
Vacant Land Tax Deduction Changes
Previously, if you bought vacant land with the intent to build a rental property on it, you may have been able to claim tax deductions...
Accounting Associates
Nov 29, 20192 min read
Calculating Super Guarantee: The New Rules
From July 1 2020, new rules will come into effect to ensure than an employee's salary sacrifice contributions cannot be used to reduce...
Accounting Associates
Nov 22, 20192 min read
Can the Tax Office Take Money From Your Account?
Recent advertisements and reports in the media are claiming that the Australian Taxation Office (ATO) can take money from your account -...
Accounting Associates
Nov 15, 20192 min read
Are You Paying Your Staff Correctly?
After a slew of underpayments being reported in the media, Woolworths has confirmed they have underpaid 5,700 salaried team members -...
Accounting Associates
Nov 8, 20191 min read
CGT and the Family Home
How does the CGT exemption work? Currently, individuals are generally not subject to capital gains tax (CGT) on the sale of the home they...
Accounting Associates
Nov 1, 20192 min read
Moving Towards Zero Interest Rates
Economist Emmanuel Calligeris explores the possible impacts of the RBA reducing interest rates again to historic lows. Australia and...
Accounting Associates
Oct 17, 20194 min read
Super Guarantee Amnesty
Employers that have fallen behind with their Super Guarantee obligations may be given the ability to 'self-correct' under the resurrected...
Accounting Associates
Oct 8, 20192 min read
Distributions to Non-Resident Beneficiaries
The ATO has released new determinations dealing with the complex and technical issues that arise when a resident discretionary trust...
Accounting Associates
Oct 1, 20191 min read
Possible Reforms Impacting Cash Payments
The cash payments reform was originally announced in the 2018/19 Federal Budget, and is due to commence from 1 January 2020. This reform...
Accounting Associates
Sep 24, 20192 min read
Ride Sharing Services and Fringe Benefits Tax
If an employee is sick or injured and uses a taxi service for subsequent travel to or from work, it is generally exempt from the Fringe...
Accounting Associates
Sep 17, 20192 min read
Recent Changes to Personal Income Tax - What are you Entitled to?
The new low and middle income tax offset (LMITO), which was introduced in the 2018/19 Federal Budget, exists in addition to the standing...
Accounting Associates
Sep 10, 20191 min read
News: Blog2
The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.
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All information is sourced from KnowledgeShop and the Australian Taxation Office. Any other publications are sourced in each specific article.
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