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To claim a deduction for a work-related expense: ○ You must have spent the money yourself and weren’t reimbursed. ○ The expenses must directly relate to earning your income. ○ You must have a record to prove it (usually a receipt). ○ Apportionment of expenses for business use and private use on reasonable basis. Read

You must register for GST: when your business or enterprise has a GST turnover (gross income from all businesses minus GST) of $75,000 or more (the GST threshold). when you start a new business. and expect your turnover to reach the GST threshold (or more) in the first year of operation. if you’re already in

New Super Clearing House now available The Small Business Superannuation Clearing House (SBSCH) has joined the Business Portal and is ready to accept employer super contributions. Read More 

Cryptocurrencies taxed: For Tax Time 2018, the ATO will likely be in outreach mode, telling taxpayers that cryptocurrency activity has tax consequences, and warning of big penalties for non-disclosure. If you are involved in acquiring or disposing of cryptocurrency, you need to be aware of the tax consequences. These vary depending on the nature of your circumstances.

Information about the practitioner lodgment service (PLS), which is replacing the electronic lodgment service (ELS), and the move to Standard Business Reporting (SBR)-enabled software. Read More

We protect honest businesses and identify those gaining an unfair advantage by not paying their fair share of tax. One of our focus areas is businesses that deal largely in cash transactions as this provides dishonest businesses with a much greater opportunity to act unfairly. Read More

The Australian Taxation Office (ATO) is setting their sights on the large number of mistakes, errors, and false claims being made by rental property owners who use their property for their own personal holidays. Read More