- May 14, 2021
Taxpayers falling behind on tax debts and lodgement obligations can soon expect contact from the ATO in the wake of JobKeeper ending.
The change in approach comes after the ATO began sending letters to taxpayers in February to warn them of potential sterner action if they failed to make good on their obligations and had refused to get in touch with the Tax Office.
The ATO has stated that from the end of March 2021, where appropriate, penalties will resume.
- June 10, 2014
Big tax refunds for prepaid interest for a capital protected share portfolio (with NO cash required by 30 June) Apart from the usual general tax planning strategies (eg. incur business expenses prior to 30 June to claim a tax deduction this financial year), there are only 2 main ways to reduce your tax: Increase … Continue reading “Use Tax Money to pay for your Share Portfolio”
- April 11, 2014
A car fringe benefit can occur when an employer makes a car they own or lease available for the private use of an employee. If you conduct your business through a company or trust, you may be an employee of the company or trust. Are any of your business cars being used privately by … Continue reading “What is a Car Fringe Benefit?”
- April 02, 2014
Xero vs MYOB AccountRight Live Comparison – A second Opinion This comparison was written by Charles Klvana, Xero Partner of the Year for 2013. It is in response to a comparison of the same programs by Pam Pitt, MYOB Partner of the Year for 2013.This comparison was written by Charles Klvana, Xero Partner of the … Continue reading “Xero vs MYOB Comparison – A Second Opinion”
- September 13, 2013
An important development has occurred in relation to the opportunity to obtain a refund of additional fuel tax credits from the Australian Taxation Office (“ATO”). Background As a result of the decision in Linfox v Commissioner of Taxation  AATA 517, the ATO now accepts that businesses which are currently entitled to claim fuel tax … Continue reading “Fuel Tax Credits Refund Opportunity”
- November 08, 2013
On Wednesday, 6 November 2013, the Treasurer, the Hon Joe Hockey MP, and the Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, announced the Government’s decision to abandon some of the previous Government’s tax and superannuation proposals. The announcement also indicated which of the former Government’s unlegislated proposals the new Coalition Government would proceed with. … Continue reading “Government Tax and Superannuation Update”