“The ‘cents per kilometre’ method broadly allows an individual taxpayer to claim up to a maximum of 5,000 business kilometres per car, per year without the need to keep any written evidence (e.g., receipts) of car expenses.”
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“The Federal Court recently handed down two decisions relating to the personal services income ('PSI') rules. Income is classified as PSI when more than 50% of the income received under a contract is for a taxpayer’s labour, skills or expertise…”
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“The ATO is reminding businesses that are looking to expand or improve their business and thinking of buying new or second hand assets, that medium sized businesses with a turnover up to $50 million (but at least $10 million) are eligible for the instant asset write-off.”
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“We are pleased to announce that we are Finalists in the 26th Belmont and Western Australia Small Business Awards 2019. We would like to thank all of our great clients for choosing to work with us to achieve your goals.”
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“The ATO will match the data provided by the State and Territory motor vehicle registering authorities against the ATO’s taxpayer records with the objective of identifying those who may not be meeting their registration, reporting, lodgment and payment obligations.”
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“The ATO is urging taxpayers who receive any foreign income from investments, family members or working overseas to make sure they report it this tax time.”
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“The ATO has published some of the most unusual claims that they disallowed last financial year.”
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“Taxpayers with private health insurance should be aware that insurance providers are no longer required to provide statements to their members.”
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