Tax time: Are you right in the ATO's sights?

A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are more than what is expected. We take a look at the key issues for you, your business and your SMSF.

Corporate Secretarial, Financial Accounting, Superannuation, TaxationJPR BUSINESS GROUP6 June 2019Tax, tax deductions, Taxation, australian tax office, ATO, superannuation

Tax & Super: Let's look at what a Labor Government would do

One of the more controversial measures announced by the ALP is the reforms to the dividend imputation credit system to remove refundable franking credits from shares. The measure, as announced, would apply to individuals and superannuation funds, and exclude Australian Government pension and allowance recipients, and tax-exempt bodies such as charities and universities

Financial Accounting, Investment, New Business, Superannuation, TaxationJPR BUSINESS GROUP2 May 2019Tax, self managed super funds, superannuation, Taxation, ato, australian tax office, business, small business, SMSF, family business, negative gearing

2019-20 Federal Budget: What's in it for you?

On Tuesday 2 April Federal Treasurer Josh Frydenberg handed down his first budget. So what’s in it for you?

Superannuation, Taxation, New Business, Financial AccountingJPR BUSINESS GROUP4 April 2019federal budget, budget, tax, taxation, government, ato

Legislation in limbo

The February 2019 Parliamentary sitting days were the last opportunity before the Federal Budget for the Government to introduce or push through new legislation. Next month, on 2 April, Parliament reconvenes for the Federal Budget and it’s likely that an election will be called very soon after that (18 May 2019 is the last possible date for the election of the House of Representatives). Any legislation that has not passed when the election is called basically goes back to the drawing board and may never be enacted.

Financial Accounting, Superannuation, TaxationJPR BUSINESS GROUP7 March 2019taxation, FBT, superannuation, SMSF, CGT, Capital Gains Tax

Single touch payroll extended to all employers

From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report will also be extended to include certain salary sacrificed amounts.

Financial Accounting, Corporate Secretarial, TaxationJPR BUSINESS GROUP7 March 2019payroll, single touch payroll, salary, PAYG, tax, australian tax office, ATO

You’ve been scammed, hacked or breached!

Another year, another scam. While data driven crime is more sophisticated and difficult to address than ever, human error and judgement remains one of the major problems.

Taxation, Financial Accounting, Community, Business DevelopmentJPR BUSINESS GROUP7 February 2019cyberlaw, cyber security, cyber, scam, cyber scam, medicare, ato

What changed on 1 January 2019?

A quick snapshot of what has changed from January 2019

Financial Accounting, TaxationJPR BUSINESS GROUP7 February 2019taxation, economy, australian tax office, ATO, credit card debt

What would happen if….

Life does not always go to plan. While we logically know that, most of us don’t plan for the worst - it’s all a bit morbid and time consuming.

Superannuation, Taxation, Financial Accounting, Corporate SecretarialJPR BUSINESS GROUP7 February 2019estate planning, wills and estates, succession planning, health, wellbeing

Tax on shares: ATO extends data matching program

The Australian Tax Office (ATO) is utilising data provided by the Australian Investments and Security Commission (ASIC) to data match share trades.

Business Development, Corporate Secretarial, Financial Accounting, TaxationJPR BUSINESS GROUP4 December 2018tax, taxation, ATO, australian tax office

Contractor or employee? Defining workers in the gig economy

A former Foodora Australia delivery rider, Joshua Klooger, recently won an unfair dismissal claim despite a service agreement that classified him as an independent contractor. We explore the implications of the case.

Taxation, Business Development, Financial AccountingJPR BUSINESS GROUP4 December 2018workplace relations, fair work commission