In general terms, the Tax Officetakes the view that expenditure associated with a person’s place of residenceis more likely to be of a private nature. However if you produce assessable income at home, or some of it, and you incur…
This financial year is almost over, but there are still tactics you may be able to employ to make sure you pay the right amount of tax for the 2014-15 year. While the best strategies are adopted in July (that…
Did you know…..Can reward program benefits be tax-free? Many companies, or even whole industries, offer their customers loyalty award-based incentives programs. These programs, such as the “Frequent Flyer” and “Fly Buys” schemes, are designed to reward customers for purchasing or…
Small business is a sector that came out a clear winner from the 2015-16 federal budget delivered by the Treasurer Joe Hockey. Despite the lead-up mutterings that the budget was going to be “dull and boring”, there were nevertheless a…
Small business: Decisions for your end-of-year planning There are a variety of decisions that are required to be made at year end to manage your tax bill. Your choice will be based on your businesses activities both past and future…
Employers in the building and construction industry need to be aware of a significant change in reporting requirements for your “Taxable payments annual report”. If your business is primarily in the building and construction industry, you have an ABN and…
There are a variety ofdecisions that are required to be made at year end to manage your tax bill. Your choice will be based on your businesses activities both past and future and also when you are looking to exit.…
Being a ‘non-resident’ makes a difference for tax treatment One of the very first questions you are asked on your individual tax return is: “Are you an Australian resident?” It may seem an unusual or unnecessary question, but the Tax…
The Tax Office’s ongoing compliance efforts have some constant focus. One of these is the often flawedcharacterisation of an employee as a contractor by businesses. The mischief from the Tax Office’s point of view is the avoidance of employer obligations…
Every year, temporary residents who worked in Australia leave behind millions of dollars in superannuation. Whether they’ve been slogging away behind a backpacker’s bar in Coogee for six months, or decided to quit their job, sell the car and move…