27 April, 2019
Most students in Australia can defer paying tuition fees by using student loan schemes. The Higher Education Loan Program (HELP) covers a range of student loans that are paid back through the tax system over time once you start earning enough money. HELP compulsory student loan repayments: New thresholds, and planned new minimum. The more
[ Read More ]Not all taxpayers may be aware of how the use of estimates can impact their annual tax bill. Estimates are most commonly used in apportioning expenses between private and business use. More importantly however is the use of valuations to estimate the cost of transactions that are not arm’s-length or when no actual cash changes
[ Read More ]With the Uber-GST stoush earlier this year mostly settled, the Tax Office has offered an olive branch to another high-profile disruptive economy in the form of provisional guidance that promises things will change if they need to. Historically the Tax Office’s stance on crowdfunding has been narrow but definitive. Late last year, the regulator said
[ Read More ]Payday loans, so called because they are meant to tide a person over until their next pay packet, have proliferated over recent times — and appear to be a permanent pothole in the financial landscape that can trip up the financially vulnerable in desperate times. Payday lending – Be wary! The lenders issue small amounts of
[ Read More ]Over the last few months a lucky bunch of taxpayers road-tested a new suite of paper-based ATO correspondence letters at the regulator’s Co-Design Centre in Canberra. The crash-test results were favourable, so now we can reveal what you’ll get in an envelope from the Tax Office going forward. The Tax Office has completely changed its
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