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ATO flashes warning over $7.2bn car expenses claims

Over $7.2 billion in work-related car expenses claimed last year have placed the popular deduction firmly in the headlights of the ATO this tax time.

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Vital statistics for our great nation.

            One great source of data about Australia. Become better acquainted with the country we love. An up-to-date snapshot of Australia's vital statistics.   Please click

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3 out of 4 tax dob-ins are about business

The Tax Office has confirmed that the majority of “tip-offs” it receives about possible tax avoidance are related to business, amid concerns competitors may play dirty by “dobbing in” innocent businesses.

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‘Extra care’ crucial in avoiding ATO spotlight this tax time

Tax agents have been urged to apply “an extra bit of thought and extra care” into handling clients’ claims this tax time as ATO scrutiny mounts.

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ATO clears up FAQs about Single Touch Payroll

Ahead of the 1 July deadline for small business to be compliant with the new Single Touch Payroll (STP) regime, the ATO and professionals alike have cleared up some common points of confusion about associated AUSkey and myGov requirements.

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GST reporting: common errors and how to correct them

           Some businesses are making simple mistakes reporting their GST. Common GST reporting errors are: transposition and calculation errors – these mistakes often happen when manually

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LRBAs, guarantees in need of review after property market falls

With property markets taking a tumble in recent times, some SMSF clients may need to review the loan arrangements and guarantees they have, particularly where the loan-to-value ratio has significantly dropped, says an industry lawyer.

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Australia – toward EOFY 2019

          One great source of data about Australia. Become better acquainted with the country we love. An up-to-date snapshot of Australia's vital statistics.   Please click on

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ATO  expects 200,000 to miss out on refunds by failing to lodge

            The ATO expects that 200,000 people could miss out on a tax refund this year because they haven’t lodged a tax return. Many salary

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