February 2020 fuel tax credit rate increase
Understand the new fuel tax credit rates and the importance of calculating claims correctly and keeping complete and accurate records.
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Reach Out Indigenous business support pilot program
The ATO announced the expansion of their Reach Out Indigenous business support pilot program to help Indigenous small businesses meet their tax and superannuation obligations through tailored support and education.
Bushfires November 2019
If your business or residential address is in one of the bushfire impacted postcodes, the ATO will automatically grant a two-month deferral for activity statements lodgments and payments due.
Meet PAYG Withholding Obligations or lose tax deduction
Are you meeting your PAYG Withholding obligations? If you are running a business, you can no longer claim deductions for payments to employees or workers if you have not met your PAYG obligations. This applies to tax returns lodged for the 2020 year onwards
Contractor payments
Check if you need to report payments you made to contractors to the ATO in a Taxable payments annual report (TPAR) by 28 August 2019.
ABN applications
The ATO has tweaked its Australian business number application process to ensure applicants are entitled to an ABN, giving it greater visibility over an applicant’s history.
Salary and wage earner deductions
You can claim a deduction for the cost of buying and cleaning occupation-specific clothing, protective clothing and unique, distinctive uniforms, but your record keeping needs to be spotless.
EOFY Tax tips for primary producers
Learn why some of the best tax planning measures available to primary producers are effectively utilising the farm management deposits scheme, income averaging and other primary producer-specific tax concessions this tax time.