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09 Jan 2018

Are your employer clients prepared for Single Touch Payroll?

Are your employer clients prepared for Single Touch Payroll? STP is a government initiative to streamline business reporting obligations, which is due to become compulsory from 1 July 2018. When an employer pays their employees, the payroll information will … Read Full Story

06 Jan 2018

Australian tax office says 36% of big firms and multinationals paid no tax

The tax office has revealed 36% of the largest public companies and multinational entities in Australia paid no tax in the most recent financial year on record. It means there has been no significant shift in the proportion of … Read Full Story

03 Jan 2018

Capital works deductions for rental property

Rental property investors can claim capital works deductions for construction costs for a rental property, however there are limits imposed in relation to the dates such works were completed. The deductions are only available on residential properties if these … Read Full Story

01 Jan 2018

Tax treatment of crypto-currencies in Australia – specifically bitcoin

This guidance paper provides an overview of the tax treatment for transactions associated with crypto currencies, specifically bitcoin. This guidance also applies to other crypto or digital currencies that have the same characteristics as bitcoin. The guidance in this … Read Full Story

01 Jan 2018

Black Economy Taskforce: extension of the taxable payments reporting system to contractors in the courier and cleaning industries

On 9 May 2017 the Government announced that from 1 July 2018 businesses that supply courier or cleaning services will need to report payments made to contractors if the payments are for courier or cleaning services. These payments must … Read Full Story