If you invest in cryptocurrency you may need to include a capital gain or loss in your tax return. Find out how capital gains tax applies to cryptocurrency and the types of records that need to be maintained.
More than 60,000 businesses haven’t complied with lodgement requirements under the Taxable payments reporting system for 2019–20. The TPRS is a black economy measure that helps the ATO identify contractors who don’t report or under-report income.
Online services for business has been co-designed with business and makes it easier for you to interact with the ATO online to manage your tax and super obligations.
The Federal budget is out and it’s a once in a generation budget to rebuild and tame the recession. Business is at the heart of our economic recovery with a range of support measures and the creation of jobs.
If your business is eligible to claim the instant asset write-off, read why you need to consider the car limit.
If you’ve received a cash flow boost, you may be wondering if the amounts you’ve received affect your income or deductions this tax time. Here are the four essentials you need to know when lodging your tax return.
For anyone in building and construction, cleaning, courier, road freight service, IT or security, if you’ve paid a tradie or other contractor for building and construction services in the last year, check if you need to lodge a Taxable Payments Annual Report (TPAR) by 28 August.
HAPPY FY21! Some changes help minimise tax. Others reduce exposure to an ATO tax audit. We have outlined these action points to assist you. Please carefully consider this information and contact us immediately if you have any questions we can answer or assist.
