Category: ATO Compliance
Does your business employ foreign workers? If you do, or you’re considering doing so, changes to work visa legislation in the 2017/2018 Budget could affect you heavily. There are a number of modifications on the cards, including more restrictions on who can get a visa, increased costs for applying and sponsoring visas, and new annualRead More »
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 »
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 »
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 »
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 »
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 »