Authoritative and technically accurate information and guidance on all areas of tax

GST on intangibles commencing July 2017

A new law applying GST to international sales of services and digital products will apply in Australia from July 1 next year. The new tax rules will apply to international sales of digital products and services provided to Australian consumers. Under the new law, overseas businesses will be required to pay GST on these sales.

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Claiming mobile phone, internet and home phone expenses

The ATO has issued guidance on claiming mobile phone, internet and home phone expenses. It says that if you use any of these for work purposes, you may be able to claim a deduction if there are records to support your claims. But the ATO points out that use for both work and private use

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ATO focuses on rental property owners

ATO focuses on rental property owners. With Tax Time 2016 just around the corner, the ATO is encouraging rental property owners to check out the information on its website to better understand their obligations and get their claims right. Assistant Commissioner Graham Whyte says Tax Time can be tricky for rental property owners. “Our message

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Last-minute tax planning tips for individuals

The current financial year is almost at an end, and with an election to be held two days later the recently announced federal budget measures will of course have no chance to take effect until some time into the next financial year, if at all. But in the meantime there are still many strategies you

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Key changes for Tax Time 2016: An overview

The ATO has issued some brief guidance on the key changes and new measures to be aware of when completing tax returns. Some of the changes of note include the tax concessions for small business, changes to gender identifiers, the new tax system for managed investment trusts and increasing access to company losses. Simplified depreciation

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