The agent nomination process is a new requirement for all entities with an ABN other than sole traders. Under the new process, you need to nominate an agent in Online services for business before the agent can link to your account. This needs to be done when you:
first engage an agent to represent you
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Handover checklist for not-for-profit administrators
What happens when your not-for-profit organisation’s treasurer leaves? How does the incoming Treasurer know what to do? Here’s a handy checklist to help!
This ATO checklist is for use when your organisation is:
not-for-profit, and
changing the administrator of its tax affairs – for example a treasurer, office bearer or employee involved […]
Single Touch Payroll (STP) started 1 July 2018 for businesses employing 20 or more employees. STP is now compulsory for all businesses including those with less than 20 employees as of 1 July 2019. It’s time to get ready for STP.
Some things you can do right now:
Review your business processes
Make sure the right people in […]
What keeps you awake at night? A recent MYOB Snapshot found small business owners sacrificing their health for work, with 80% of small business owners losing sleep at night.
The research found:
41% of small business owners said they put their health last because they are time poor and focused on the success of their business.
[…]
The Australian Tax Office is targeting home office expense deductions – what does this mean for you?
The ATO is increasing its attention, scrutiny and education around deductions for home office expenses and may contact a taxpayer’s employer to verify the claimed expenses.
The ATO says a significant issue is a taxpayer claiming the entire amount of […]
In the ATO guide for hospitality workers, the ATO states:
To claim a work-related deduction:
you must have spent the money yourself and weren’t reimbursed
it must be directly related to earning your income
you must have a record to prove it.
If the expense was for both work and private purposes, you can only claim a […]
Do you know the car threshold amounts that apply from 1 July 2018?
The ATO has announced that from 1 July 2018 the following car threshold amounts apply:
Income tax
There’s an upper limit on the cost you use to work out the depreciation for the business use of your car or station wagon (including four-wheel drives). You […]
4 days to Tax Time! What deductions can I claim, I hear you ask? Do you know the deductions specific to your industry or occupation?
Below is a link to quick reference guides that are occupation and industry specific to help you claim what you’re entitled to. Take the time to read them. This is something you […]