The team at Rittwatchman & Associates have decided to join their experience to share with you the top ten most common tax deductions claimed by individual taxpayers within their firm. But before we begin, lets first discuss what a tax deduction is and how it...
We are pleased to supply you with the December 2018/January 2019 edition of Client Alert, which contains information on a number of important taxation developments up to and including 23 November 2018: Work-related deductions down for 2018 - The ATO has reported a decline in the...
We are pleased to supply you with the November 2018 edition of Client Alert, which contains information on a number of important taxation developments up to and including 19 October 2018: Super transfer balance cap - ATO Assistant Commissioner Superannuation Tara McLachlan has given a speech...
Welcome to this month’s October edition of the latest ATO legislative changes and tax updates. Claiming work-related expenses – ATO education campaign to help correctly claim work-related expenses using its guides and toolkits. ATO data analytics and prefilling – a closer look at the methods that help...
We are pleased to supply you with the September 2018 edition of Client Alert, which contains information on several important taxation developments: Super sector must address trust deficit – ASIC Chair James Shipton says the superannuation sector must be more mindful of the responsibilities that come...
The Australian Government has introduced some positive improvements for Primary Producers in the recent budget announcements: Improving the Farm Management Deposit Scheme From the 1st July 2014, the ATO are raising the non-primary production income threshold from $65,000 to $100,000. The new tax laws have changed to allow...
The ATO has issued a statement in response to a decision of the Administrative Appeals Tribunal (AAT) which ruled that a taxpayer that owns and manages a number of retirement villages was entitled to a deduction for payments it was contractually required to make to...
The Government is reforming the taxation of employee share schemes to bolster entrepreneurship in Australia and support innovative start-up companies. It said the changes to the tax treatment of employee share schemes that were introduced by the former Government in 2009 have effectively brought to...
Log in Our new client portal makes approving forms so much simpler and streamlined than ever before. You can access BAS's & tax returns via the portal and approve them electronically with a click of a button. This new process is recognised by the ATO and...
The recent federal budget has seen some really good deductions available to Small Businesses. In an attempted to simplify the depreciation regime for small businesses which has seen a number of amendments in recent years. What changes will be affecting taxpayers in 2015? Assets purchased and installed between...
