Monthly Archives: March 2019

Rental property deductions in the ATO sights

Recent audit activity by the ATO has led the regulator to conclude that there are significant errors in claims being made by taxpayers against rental income. The ATO’s audit work on over 300 taxpayers found that there were errors in … Continue reading

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Single Touch Payroll deferred to 1/7/2020 for closely held payees

The ATO has announced a helpful concession on the Single Touch Payroll (STP) obligations for payments made to “closely held payees” (essentially owners and family members). In recognition of the fact that business owners and their families often classify what … Continue reading

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Tax relief for benefits provided during emergencies

The recent spate of fire and flood that has hit Australian states has caused devastating loss to many people. If your business assists employees during such an emergency, fringe benefits tax is unlikely to apply to the assistance you provide. … Continue reading

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