ATO

Operators in some Australian industries as well as select government entities are required by the ATO to lodge a taxable payments annual report (TPAR). These reports let the ATO know about payments that are made to contractors for providing services. Contractors can include subcontractors, consultants and independent contractors, and they can be operating as sole

• 25 June, 2019

The SMSF annual return for 2019 has a number of new questions and labels that SMSF practitioners and trustees need to be aware of. In previous years, the ATO advised trustees that the question in the annual return regarding whether Part B of the audit report was qualified could be answered with a “no” if

• 24 June, 2019

When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction. Exceptions are when the legal fee is capital, domestic or private in nature, if it is specifically excluded by another section of income tax legislation, or is incurred in earning

• 19 June, 2019

This tax time, the ATO, as usual, has nominated some tax claim hot spots that it will be paying attention to — and which you could warn clients who may be likely to claim these deductions with abandon. For example, the ATO has already flagged that it will be checking returns for taxpayers who take

• 17 June, 2019

Common car expense claim questions answered, with the logbook method and the cents per kilometre method of claiming.

• 12 June, 2019