ATO exposes dodgy deductions
17 Aug 2016
With over eight million Australians claiming work-related expenses each year, Assistant Commissioner Graham Whyte is reminding people to make sure they get their deductions right this tax time. “Australians claim over $21 billion in work-related expenses each year, and we want to support taxpayers to claim what they are entitled to – no more, no […]
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ATO SuperStream webinars
14 Aug 2016
The ATO are hosting free webinars to help small businesses understand SuperStream and how to prepare for it. The SuperStream deadline for small businesses was 30 June 2016. The ATO have provided compliance flexibility until 28 October 2016 for small businesses who are not yet ready. The ATO webinars run for around 40 minutes, consisting of a […]
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Interest rate cut
03 Aug 2016
Statement by Glenn Stevens, Governor: Monetary Policy Decision – 02/08/2016 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over […]
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Low income earners may need to lodge
02 Aug 2016
If your taxable income is under the tax-free threshold you may still need to lodge a tax return. Common reasons for this include: Are entitled to the private health insurance rebate but did not claim the correct entitlement as a premium reduction Had pay as you go (PAYG) withheld from payments received during the year […]
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