[Link] No more lost receipts with myDeductions
Don’t let your receipts and tax records get away from you. Capture them all in the ATO app with myDeductions. The tools can be used by both individuals and sole traders. Click here to watch the video on the ATO website.
[Link] Small business: Know what you can claim this tax time
Justine Williams, from Small Business Experience, reminds small businesses about the golden rules for claiming deductions at tax time and the concessions available to support small businesses. Click here to watch the video on the ATO website.
[Link] E-invoicing basics
Say goodbye to paper, PDF, and email invoices forever with e-invoicing. Click here to watch the video on the ATO website.
[Video] VT3MTV Ep#1 (Chinese version)
[Video] VT3MTV Ep#1
The Small Business Guide to Single Touch Payroll
Single Touch Payroll (STP) is a Federal Government regulation that changes when and how businesses report payroll activity to the Australian Taxation Office (ATO). It requires businesses to report payments such as salaries and wages, pay-as-you-go (PAYG) withholding...
The ATO’s “living expenses” tool to help tackle the cash economy
It’s known by a variety of names, such as the black economy, or even the cash or hidden economy. But whatever the label, its existence is a pebble in the ATO’s shoe that it is forever looking to prise out. As part of that ongoing effort, it has settled upon certain...
Super downsizer scheme essentials
Under the superannuation downsizer scheme, people aged 65 and older can make a non-concessional (post-tax) contribution of up to $300,000 from the proceeds of selling what was once their family home. Downsizing enables more effective use of housing stock, and existing...
What you need to know about the beefed-up director penalty regime
Being a director of a company, as with any elevation of status, is a role that also brings with it added responsibilities and duties. Company directors need to keep in mind that the Corporations Act holds directors personally liable for many of the legal and financial...
Can the ATO’s public rulings help your outcomes?
The ATO can issue public rulings that provide guidance on the interpretation of various tax laws. Public rulings generally deal with priority issues that have been found to require clarification, so if you have a concern about a particular area of tax law, you may...