Save tax (and health) with a salary-sacrificed e-bike

Entering into a remuneration package to secure a vehicle through a salary sacrifice arrangement is a popular option offered to employees (see more on novated leases here). However the ATO has issued a ruling on another particular set of wheels that opens up both a tax and health incentive. Clients may be in a position

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Cloud computing, and navigating your business’s risk

Agreements between users of cloud computing services are as variable as the businesses involved, which has led the government to the realisation that the ongoing adoption of cloud-based business solutions has brought with it a need for a whole-of-government approach to the issues that can surface. The government’s Information Management Office (IMO) defines cloud computing

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Novated leases and the deductibility of after-tax running costs

Including a car in a salary package is a popular remuneration arrangement, and doing so as part of a salary sacrifice package will often give rise the a “novated lease”.  Costs in operating the vehicle can also be salary sacrificed.  This is typically referred to a fully novated lease. A novated lease arrangement is a

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Large increase in tax audit insurance claims over past 12 months

Not long into Tax Time 2016, ATO assistant commissioner Graham Whyte said in a media release that “every tax return is scrutinised using increasingly sophisticated tools and data analytics developed by our ‘data doctors’ at the ATO. Large increase in tax audit insurance claims over past 12 months He went on to say: “This means

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Potholes exposed in the road to tax deductions

Jay Huang unearths some “ATO high risk” expenses that typically incorrectly claimed. Potholes exposed in the road to tax deductions Travel between home and work is generally considered as private, and accordingly the expense is not deductible. However, in some circumstances, travel expenses are claimable. This has been a hot focus area for the ATO.

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