Tax
CategoryTax implications of a business restructure
Tax exemptions may apply to small businesses going through a restructure provided they meet certain criteria.
Typically when a business i..
When can the ATO issue a default assessment for overdue lodgements
A default assessment is an assessment of taxable income for overdue tax returns or the net amount or assessable amount-for late activity s..
ATO reminder: fuel tax credit rates have increased
Fuel tax credit rates have increased on 1 August. The ATO reminds you to use the new rates to calculate claims on your next business activ..
ATO announces $20,000 instant asset write-off
The ATO has extended the $20,000 threshold to 30 June 2019.
If you buy an asset and it costs less than $20,000, you may write off the bus..
Claiming tax when working from home
The ATO is seeking to increase their attention on home office expenses due to the high level of questionable claims made by taxpayers. The..