Fuel tax credit rates change from 1 July 2016
08 Jul 2016
On 1 July 2016, fuel tax credit rates for: heavy vehicles that use taxable fuel such as diesel or petrol, and travel on public roads, increased to 13.6 cents per litre – this change is due to a decrease in the road user charge biodiesel and fuel ethanol manufactured in Australia changed, as excise duty rates took effect […]
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Claiming work-related expenses?
05 Jul 2016
If you are claiming work-related expense deductions, you need to satisfy the following: must have spent the money and were not reimbursed it must be related to your job must have a record to prove it It’s important to remember that if you receive an allowance from your employer, it does not automatically entitle you […]
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ATO extends SuperStream deadline
23 Jun 2016
Under SuperStream, you need to pay super contributions for your employees electronically (EFT or BPAY) and send the associated data electronically. The data is in a standard format so it can be transmitted consistently across the super system – between employers, funds, service providers and the ATO. It’s linked to the payment by a unique […]
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Business or hobby?
21 Jun 2016
You may be unsure whether you’re in business, or your activity is just a hobby. A hobby is a spare-time activity or pastime pursued for pleasure or recreation. Unlike a hobby, a business is run with the intention of making a profit and has basic reporting requirements, such as declaring income and claiming expenses. It’s […]
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