Why it's so important to check your myGov inbox regularly
Once you register for a myGov Account and link it to the ATO, you will receive important notices to your myGov Inbox. If you don't check it regularly, you could end up with late payments and demands!
Laundry Expenses on ATO Hitlist
The ATO has warned they are closely reviewing claims for work-related clothing and laundry expenses.
Super, insurance and exit fees: changes from 1 July 2019
From 1 July 2019, new laws prevent superannuation funds from eroding member balances with unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances will be moved to the ATO to try and unite the unclaimed super with its owner.
How to successfully integrate the new Single Touch Payroll system into your business
The STP system is now mandatory for (basically) all businesses with employees! Avoid headaches and make sure you have everything running like a well-oiled machine!
Who has your personal data, and are they keeping it safe?
Regardless of whether you're engaging an accountant or bookkeeper or a hair stylist - if a business needs to store your personal information
(email address and phone number included), make sure they are doing everything they can to protect your information!
Victorian State Tax Changes
What you need to know about the impending changes to land tax, payroll tax and land valuation in Victoria.
Year End Tax Strategies for Individuals and Business Owners
We've put together a tax planning guide for both individuals and business owners. It includes updates on tax rates, general year-end strategies, changes to superannuation, and areas of focus for the ATO.
Super fund members risk losing life insurance cover
From July 1 2019, certain super fund members' default life insurance will be cancelled if their superannuation accounts are inactive.
How to prepare for a visit from the ATO
The ATO is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy. The plan on visiting over 10,000 businesses in the 2020 Financial Year. It's a scary thought, especially if you don't know what to expect.
The countdown to 30 June is on! What that means for you...
Our June newsletter covers all the checklists and updates you need in your life as EOFY closes in!
Are you on the ATO Watch-List?
A consistent theme this tax time is over-claiming and under reporting. The ATO are getting more sophisticated with data matching, and taxpayers can expect greater scrutiny where their claims are more than what is expected. We take a look at the key issues for you, your business and your SMSF.