With the holiday season fast approaching, employers are reminded that many holiday casuals may now be eligible for super. From 1 July 2022, employers need to pay super for employees at a rate of 10.5%, regardless of how much they are paid, because the $450-per-month threshold for super guarantee eligibility has been removed. This change…
The ATO is reminding taxpayers that have a residential rental property, to take care when making claims for ‘second-hand depreciating assets’ used in their properties.
The Federal Government has reinstated the Pandemic Leave Disaster Payment until 30 September 2022.
Recent changes to superannuation include superannuation guarantee changes and downsizer contribution age changes.
The ‘cents per kilometre’ rate change has been implemented by the ATO for individual car expenses for the 2023 income year, from 72 cents to 78 cents per business kilometre.
The ATO has announced areas of focus for small business tax returns will include deductions that are not related to business operations, omission of business income and insufficient record keeping practices.
Single Touch Payroll (‘STP’) reporting has been expanded with extra reporting obligations for employers.
The ATO is warning taxpayers about GST fraud and to be on the lookout for dodgy online ads, often on social media platforms, promising easy GST refunds.
The ATO has announced four key priorities that it will focus on this 2022 tax time.
The ATO is writing to taxpayers whose credit rating may be affected if their tax debts are disclosed to credit reporting bureaus.