The Government has announced it intends to introduce legislation to improve the ability of small businesses to offer employee share schemes by simplifying the current regulatory framework, and reducing the time and cost burden for businesses by (amongst other things): … Read More
The ATO has advised that it will send SMS text messages directly to taxpayers where incorrect bank account details were included in their tax returns and they were entitled to a refund. The SMS will advise impacted taxpayers that: their … 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
Changing from employee to contractor (business) has the benefit of making some private expenses tax deductible. Expenses such as motor vehicle, home office, travel, etc, may become deductible. A contractor’s total expenses are normally maximised by utilising the Personal Services … Read More
When an employee goes to the bank to get finance (whether for their private residence, investment property, or motor vehicle), the bank often makes it compulsory that they take on the bank’s income protection insurance policy as well. The cost … Read More