Practice Update December 2024
With the holiday season coming up, employers may be planning to celebrate with their employees.
Practice Update October 2024
Individual taxpayers can take the following steps right now to ensure the correct amount of tax is being put aside throughout the year:
Practice Update August 2024
Taxpayers who have work done on their rental property should consider the following factors in determining claims for expenses.
Practice Update December 2023
The ATO is remitting failure to lodge penalties for eligible small businesses. Businesses which have not yet taken advantage of the ATO’s lodgment penalty amnesty only have until 31 December 2023 to do so.
Christmas Parties & Gifts 2023
Editor: With the well earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event.
Agent nomination process
A new process has been introduced by the Australian Taxation Office (ATO) for nominating a registered agent.
Small Business – Lodgment Penalty Amnesty Program
As of 9 May, 2023, as part of the 2023-24 Budget, the government has introduced a lodgment penalty amnesty program aimed at encouraging small businesses to re-engage with the tax system and bring their obligations up-to-date.
November Practice Update
Taxpayers who have received a government support grant or payment recently to help their business recover from COVID-19 or a natural disaster should check if they need to include the payment in their assessable income.