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ATO motor vehicle data matching program extended

23rd Aug, 2023

The ATO has extended its motor vehicles data matching program once again to encompass the 2022–2023 to 2024–2025 financial years. …

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Using the cents per kilometre method for claiming car expenses

23rd Aug, 2023

The cents per kilometre method is a simple way to work out how much you can deduct for car-related work …

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Paying contractors? Get ready for your TPAR

23rd Aug, 2023

Businesses that make payments to contractors may need to report these payments and lodge a taxable payments annual report (TPAR). …

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Instant asset write-off: is your business eligible?

23rd Aug, 2023

Remember temporary expensing, which allowed just about every business (unless annual turnover was at least $5 billion) to immediately write …

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Developments in GST guidance for crypto assets

23rd Aug, 2023

The ATO has recently issued new GST guidance specifically relevant to crypto assets. For GST purposes, the ATO considers that …

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Beware SMSF schemes: residential property purchase

23rd Aug, 2023

The ATO has warned taxpayers against entering into a scheme through their self managed superannuation fund (SMSF) which claims to …

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