1st Quarter 2020

The Australian Taxation Office (ATO) are reminding employers that any unreported ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible.

The Australian Taxation Office (ATO) has indicated it will be keeping a close eye on deductions claimed for clothing and laundry expenses.

PCG 2019/5 THE COMMISSIONER'S DISCRETION TO EXTEND THE TWO-YEAR PERIOD TO DISPOSE OF DWELLINGS ACQUIRED FROM A DECEASED ESTATE

The Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 introduced a new category of accounts that need to be reported and paid to the Australian Taxation Office (ATO) – inactive low-balance accounts.