Do you get everything back you deserve from the ATO at tax time? Here are some tips on tax deductions for tradies. Car expenses are a focus for the ATO so be aware of the latest ways to claim them. The one-third of actual expenses and the...
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Having your own plumbing business is a great thing. You get to work the hours you want, take holidays when you want, and answer to pretty much no-one. But it also means that you need to regulate your own cashflow and make sure you have enough money to live...
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Whether you’re a busy business owner or a tireless professional, stress is likely part of your life. From countless meetings, staff hirings, marketing, and client relations, you have a lot to do in a given day. While you may not see stress relief as a necessity, there is evidence...
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ATO dispels top tax time myths to taxpayers Ahead of one of its biggest deductions crackdowns, the tax office has listed the top myths and misunderstandings that are causing mistakes and misunderstandings by taxpayers at tax time. Here they are: Everyone is entitled to claim a...
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High alert issued over myGov scam This week, Stay Safe Online issued a high alert involving a fake myGov e-mail promising taxpayers a tax refund, but instead is designed to steal personal and financial information. The email, which has the subject line ‘Important information regarding your account’,...
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A one-off, 12-month amnesty period for historical underpayment of the superannuation guarantee (SG) has been announced by the government (click here for media release), forewarning tougher penalties once the Single Touch Payroll (STP) regime kicks in fully next year. The amnesty offer applies for the 12 months from...
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The Federal Budget 2018 was handed down in Canberra on Tuesday 8 May 2018. WINNERS Personal tax rates – staged 7-year reform plan. Means a tax break of up to $530 a year starting from 1 July 2018. Small business – the $20,000 instant asset write...
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Scammers target taxpayers in voicemail hoax The tax office has found that scammers are now leaving taxpayers voicemail messages, with threats to penalise and punish for tax debts. They also accuse the recipients of suspected tax evasion. “The scammers claim to be from the ATO and many threaten...
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Key dates for March 2018 21 March 2018 February monthly BAS due 31 March 2018 Last day of the Fringe Benefits Tax (FBT) year.
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Key dates for February 2018 21 February 2018 January monthly BAS due 28 February 2018 December quarterly BAS due December quarter SG charge statement due December quarter PAYG instalment due
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