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.
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.
Home office expenses
If you’re an employee who regularly works from home, you may be able to claim a deduction for expenses relating to that work. We outline the ways you can work at home and the expenses you can claim.
Single Touch Payroll for all employers
From this week the ATO will write to small employers with <19 employees that already use payroll software to be told about Single Touch Payroll and reminded that you don’t need to wait for legislation to pass to start reporting through STP.