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Tax planning

15th Jul, 2019

With the end of the 2019 income tax year upon us, this issue draws attention to year-end tax planning strategies …

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Tax relief for individuals and small businesses

15th Jul, 2019

Instant asset write-off The instant asset write-off threshold for small businesses has been increased to $30,000 and extended to 30 …

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Individuals

15th Jul, 2019

Deduct work-related expenses People overclaiming deductions for work-related expenses like vehicles, travel, internet and mobile phones and self-education are on …

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Businesses

15th Jul, 2019

Lower company tax rate From 1 July 2016, the income tax rate applicable to qualifying companies has reduced to 27.5%. …

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Requirement registered to lodge 2019 tax and other returns

09th Jun, 2019

The Notice of Requirement to Lodge a Return for Income Year Ended 30 June 2019 has been registered. This covers …

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Payment summaries and STP this tax time – taxpayers may need a myGov account

09th Jun, 2019

While it is being reported that many businesses are not ready for Single Touch Payroll (STP), one report suggests that …

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