2017/18 Tax Update: ATO focus on holiday home deductions
The ATO has recently confirmed that, while the private use of holiday homes by friends and family is entirely legitimate, such use reduces a
2017/18 Tax Update: Employee denied deductions for work-related expense claims
Further to our earlier update advising the ATO would be increasing its scrutiny on work related expenses, the Administrative Appeals Tribuna
2017/18 Tax Update: ATO announces its focus areas
The Commissioner of Taxation has recently highlighted the areas the Australian Taxation Office has and will be focusing on. These include u
2017/18 Tax Update: The Cash Economy - Reminder from the ATO
The ATO is reminding taxpayers that it uses a range of tools to identify and take action against people and businesses that may not be...
2017/18 Tax Update: Cents per kilometre claims in ATO’s sights
In general, the kilometres you travel in your car in the course of business are deductible. To qualify, the kilometres travelled has to...
2017/18 Tax Update: ATO warning regarding work related expense claims
The ATO is increasing attention, scrutiny and education on work-related expenses (WREs) this tax time. Assistant Commissioner Kath...
2017/18 Tax Update: New Threshold for Capital Gains Withholding
From 1 July 2017, where a foreign resident disposes of Australian real property with a market value of $750,000 or above, the purchaser...
