Employers warned: Cash-in-hand tax “loophole” closing after black economy blitz Tax Matthew Elmas 19 June 2019 Employers paying cash-in-hand are being warned their tax deductions will be going out the window from 1 July amid an ongoing black economy crackdown.
Franking credits trap: Businesses warned to plan ahead this EOFY to avoid “tax leakage” Tax Matthew Elmas 18 June 2019 Franking credits should be front of mind for businesses this tax time as tax agents advise companies to think ahead to avoid tax leakage.
ATO single touch payroll wizard resigns less than three months from hard reporting deadline Single Touch Payroll Matthew Elmas 14 June 2019 The ATO has lost its single touch payroll program lead just months from the reporting deadline for hundreds of thousands of small businesses.
Four major Australian banks targeted in tax time scam attempt: How to protect yourself Business Advice Dominic Powell 6 June 2019 Email scams impersonating some of Australia's biggest banks have been hitting inboxes over the past two weeks ahead of tax time.
ATO to launch dob-in-a-business hotline in effort to crack down on $10 billion tax hole Tax Matthew Elmas 4 June 2019 The tax office is launching a whistleblower hotline, encouraging people to dob in business owners suspected of black economy activity.
“Long way to go”: ATO ramps up single touch payroll campaign as soft deadline looms Tax Matthew Elmas 3 June 2019 With the election in the rearview mirror, the ATO is ramping up its single touch payroll campaign ahead of the EOFY soft reporting deadline.
The tax time scams targeting your business and how to avoid them Tax Matthew Elmas 30 May 2019 Experts are warning small-business owners that tax time scams will be aplenty. Here's what you need to know to stay diligent and protected.
Who, when and where: The ATO will visit 1,800 small businesses before tax time in a black economy blitz Tax Matthew Elmas 23 May 2019 The ATO will be visiting more than 1500 small businesses between now and tax time. Here's the who, when and where you need to know.
“Eroded any real discount”: Kogan to face court over fresh price-jacking claims Retail Matthew Elmas 23 May 2019 The ACCC is taking online retailer Kogan to court over alleged breaches of consumer law stemming from a fresh bout of price-jacking claims.
The ATO is targeting five common mistakes this EOFY — here’s how to avoid them Tax Matthew Elmas 21 May 2019 Here are five common mistakes the ATO is taregtting this end of financial year — as well as how to avoid making them in your own business.
Airbnbers beware: The ATO is coming for property investors this tax season Property Matthew Elmas 18 April 2019 The ATO has issued a warning to property investors about dodgy rental deductions, saying it will be keeping an eye out for bunk claims this year.
“Alarming”: 70% of micro-businesses haven’t heard of single touch payroll as deadline looms Single Touch Payroll Matthew Elmas 16 April 2019 New survey data has sparked new concern about the implementation of single touch payroll reporting for micro-businesses as a soft deadline approaches.
