tax time

Deadline for self-preparers looms large

If you or someone you know prepares their own tax return, it is timely to warn them that time is quickly running out. Tax returns must be lodged before 31 October for the taxpayer to avoid a late lodgement penalty issued by the ATO. Deadline for self-preparers looms large The penalty is currently set at

[ Read More ]

Claims for electronic devices, phones

That technology has changed many aspects of our daily lives is a widely accepted fact of life, and no doubt more is just around the corner. Claims for electronic devices, phones The proliferation of electronic devices of all kinds has also pervaded our work and home environments to such an extent that the line dividing

[ Read More ]

ATO shares it’s most frequent small business deduction queries

With the 2017 tax time continuing apace past its 12th week, the ATO has had an opportunity to identify some more-than-anecdotal trends that have emerged through its various channels of taxpayer engagement. Questions from small business taxpayers make up a significant proportion of the enquiries the ATO fields in its day-to-day business, and it has

[ Read More ]

The ATO’s occupation-specific tax deduction guides

To save practitioners time explaining to clients what they can or can’t include as deductions on their tax returns, the ATO has developed a suite of occupation-specific guides. It says these have been designed to help your clients understand what they can think about including, or what is completely off the table, as work-related expenses.

[ Read More ]

ATO continues to educate taxpayers about scams

The ATO has committed to an ongoing strategic communication approach to educate taxpayers on how to protect themselves against tax scams and identity theft. It says it is also aiming to raise awareness on how people can reach out to it for support should they become victims of a scam. In early 2017 the ATO’s

[ Read More ]