June 15, 2016

Are you in the building and construction industry?  Do you know that you need to report detailed information to the ATO about all the building and construction contractors you have paid each year?  No?  Well read on…. I’ve noticed that many business owners in the building and construction industry are not yet aware that theyRead More »

May 9, 2016

Superstream is a national, electronic superannuation payments system that replaces a number of other payment options that were available around Australia. With one consolidated solution for all employers, the ATO hopes to streamline superannuation payments and ensure that all employees get their entitlements as required by law. While large employers were required to get onRead More »

April 21, 2016

A common question for businesses needing some work done is: should we employ a new person, or simply contract the workout? The answer isn’t a straight ‘yes’ or ‘no’, as it depends heavily on your business, the work to be done, and the person who might be doing the work. What’s the difference? Put veryRead More »

October 11, 2015

A popular method of avoiding taxation in the past has been to buy a property, build or renovate, live in the residence for twelve months (satisfying the appearance of ‘primary place of residence’), then selling the property – and buying another property to repeat the cycle. This takes advantage of exemptions to capital gains taxRead More »

September 23, 2015

We’ve seen quite a bit of confusion recently around whether renting out a room in your primary residence counts as declarable income to the Australian Tax Office (ATO). Guidelines that are available on this topic tend to be rather difficult for the layperson to decipher, leading to many incorrect claims – whether people declaring incomeRead More »

August 22, 2015

Amongst the Australian Tax Office’s targets this year are work-related deductions – especially relating to fly-in-fly-out (FIFO) workers. So how can you avoid getting caught in the net? The obvious answer is to not to do the wrong thing. Well, that’s always a good start – but the rules around deductions for FIFO work haveRead More »