Year: 2017
Checklist: Are you carrying on a business of letting residential rental properties?
This checklist can be used in order to assist an individual in whether they are carrying on a business of … Read More
Checklist: 2016/17 year end — allowable deductions for individuals
Use this checklist to determine your eligibility for the most common work-related tax deductions for individuals. 2016/17 year end — … Read More
Tax changes for small businesses 2016/17 year end
This is a guide only to a selection of 2016/17 year-end tax changes affecting small business Additional entities now … Read More
Travel deductions for rental properties removed
After 1 July 2017, the deductions for travel to residential rental property will be disallowed. In particular, the travel cost … Read More
What is payroll tax in NSW?
Payroll tax in NSW is a tax imposed on employers and is calculated based upon the amount of taxable wages … Read More
Medicare levy to increase from 2.0% to 2.5%
An increase to the Medicare levy has been announced in federal parliament on 17 August 2017. The levy for individuals … Read More
Cents per kilometre claims in your tax return
Under the current rules of substantiation, the maximum distance that a taxpayer can claim without receipts for car expenses is … Read More
First home super saver scheme
Individuals who are yet to purchase their first home will be able to withdraw voluntary contributions from the superannuation account … Read More
UPDATE – GST on low-value imported goods
Update The Treasury Laws Amendment (GST Low Value Goods) Bill 2017 has been passed with amendments and now awaits assent. … Read More
Foreign property investors to pay more land tax and stamp duty
Starting with the Victorian Budget on 5 May 2015, the majority of states in Australia have implemented surcharges on foreign … Read More
Commissioner clarifies tax arrangements for working holiday makers
With a number of media reports circulating in relation to the tax treatment for working holiday makers and the tax … Read More
Key super rates and thresholds for 2017-18
The ATO has released the key superannuation rates and thresholds that apply to contributions and benefits, employment termination payments (ETP), … Read More