by Bowdlers | Jul 15, 2019 | Retirement, Tax Deductions
Join Our Newsletter Success! Email Subscribe 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...
by Bowdlers | Jul 10, 2019 | Taxable Payment Reports
Essentials on taxable payments annual reports Operators in some Australian industries as well as select government entities are required by the ATO to lodge a taxable payments annual report (TPAR). The information provided in these reports provides the ATO with...
by Bowdlers | Jul 3, 2019 | Small Business, Tax Deductions
Removing tax deductibility of ‘non-compliant’ payments From 1 July 2019, businesses will only be able to claim deductions for payments that are made to workers (employees or contractors) when the employer has complied with the pay-as-you-go (PAYG) withholding and...
by Bowdlers | Jun 30, 2019 | Tax Deductions
Records for claiming work-related expenses When completing your tax return, you’re entitled to claim deductions for some expenses, most of which are directly related to earning your income. To successfully claim a deduction for work-related expenses, it’s...
by Bowdlers | Jun 25, 2019 | Tax Deductions
ATO expects many laundry claims will be hung out to dry This tax time, the ATO, as usual, has nominated some tax claim hot spots that it will be paying attention to — and which you should approach with caution when claiming these deductions. For example, the ATO has...
Recent Comments