The taxable payment reporting system (TPRS) has extended to further businesses that provide particular services and those that pay contractors to provide the ..
Capital Gains Tax (CGT) events occur when an individual or company makes a capital gain or capital loss by selling or disposing of an asset they own. The timi..
Taxpayers are responsible for safely storing a written backup copy of their tax record in case the original electronic form becomes inaccessible or unreadable..
Businesses can no longer claim deductions for payments to workers if they have not met their pay as you go (PAYG) withholding obligations. This applies to inc..
The ATO has released the Taxation Determination 2019/9, which outlines changes to the fringe benefits tax (FBT) car parking threshold.
The car parking thresh..
The ATO has developed a new toolkit that helps small business owners to understand their entitlements and avoid mistakes in their tax returns.
The 2019 Tax T..
The Australian Taxation Office (ATO) is warning taxpayers to keep an eye out for people posing as tax agents who are not registered with the Tax Practitioners..
The ATO has developed a new rental property owners toolkit for property investors to ensure that mistakes are avoided in their tax returns.
Each year, the ta..
The ATO is developing new online services systems to replace AUSKey, which is due to retire in March 2020. Taking the place of AUSKey will be myGovID and Rela..
Small business owners may be able to claim deductions for the costs of using your home as a principal place of business when filing your 2019 income tax retur..