Rental property deductions
Read why ATO audits of rental deduction claims will double this tax time as the agency reinforces its claims that nine out of 10 deductions contained an error.
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Addressing sham contracting
The Government has announced that it will establish a sham contracting unit — within the Fair Work Ombudsman — to address sham contracting behaviour engaged in by some employers.
Employers hit with rolling SG audits
Employers are increasingly being subjected to a rolling series of audits by the ATO when they slip behind on their SG obligations, as the Tax Office has now taken a harder line on non-compliance.
Single Touch Payroll starts 1 July
The laws to extend the Single Touch Payroll (STP) reporting requirements so they apply to all employers with fewer than 20 employees has now passed the Senate and will be Law. This means the STP regime is mandatory for employers of more than 20 staff from 1 July 2018, and will be mandatory for all employers by 1 July 2019.
P&C budgets
P&C Treasurers need budgets. So how do you go about setting one? What are the main things you need to put in? And what will it tell you? When you have to present your P&C budget at the AGM, we show you how to pull that together.
Primary producers and farmers
In a similar vein to our business update, and considering the ongoing drought conditions, here are a few legislative changes relevant to primary producers and farmers.
Default interest charges
Read the changes to the charging of Default Interest recommended by The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
Introducing Assistant Accountant Rhedyn
Toowoomba local Rhedyn Daly is currently working as a trainee accountant at Carrick Aland while studying at USQ, but she has always loved numbers for as long as she can remember.