Some employees may wonder whether a work-related expense (or ‘WRE’) becomes deductible merely because their employer specifically requires the employee to incur the expense. Importantly, the ATO’s recent draft ruling on the deductibility of work-related expenses reiterates that an employer’s … Read More
In this Issue: Christmas Holiday Business Closure Super Contributions from Downsizing ATO to send text messages if bank account details incorrect Has your life changed in 2017? Tax Profile: Amusement, Fitness, and Sports Centre Personnel Christmas Joys ATO data matching … Read More
Single Touch Payroll (‘STP’) commenced on 1 July 2018 for approximately 73,000 employers who have 20 or more employees. There is currently legislation before Parliament to expand STP to all employers from 1 July 2019 and it is estimated that … Read More
Employees who relocate for work purposes are not entitled to a tax deduction for the relocation costs and airfares they incur (as those expenses are deemed private). In contrast, an employer is entitled to a tax deduction for paying or … Read More
In this Issue: What the super housing measures mean for SMSFs ATO scrutinising car claims this tax time FREE Tax Blaster Session Memorable Quotes… 2018 Budget Update Individual Tax Return Checklist 2018 Laughter is the best medicine… ATO relief for … Read More