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What is "carrying on a business"? ATO Guidance

Thursday 23 November 2017

The ATO has issued a draft taxation ruling to explain the factors it will consider when deciding whether a company (incorporated… Read more

New passive income test for lower corporate tax rate

New passive income test for lower corporate tax rate

Wednesday 22 November 2017

The Federal Government has recently introduced a Bill into Parliament to ensure that companies with more than 80% passive… Read more

ATO increases scrutiny of work-related expenses

ATO increases scrutiny of work-related expenses

Tuesday 21 November 2017

Despite wide publicity on the issue, the ATO has reminded taxpayers that it is increasing its scrutiny on work-related expenses. Read more

Australia Approaching 600,000 SMSFs

Australia Approaching 600,000 SMSFs

Tuesday 3 October 2017

The Australian Tax Office regularly releases information about Self-Managed Super Funds and it makes for interesting reading. … Read more

Employee travel expense deductions

Employee travel expense deductions

Monday 2 October 2017

The ATO has also released new guidance on work-related travel deductions. To claim for transport or other employee travel… Read more

Small Business Tax:  Asset write-offs and tax payment plans

Small Business Tax: Asset write-offs and tax payment plans

Sunday 1 October 2017

Small businesses with a turnover of less than $10 million can get an immediate deduction for assets that cost up to… Read more