×

The new rules for gift cards – what you need to know

By WSC Group | Created on November 13, 2018

**In Australia, around 34 million gift cards are sold each year with an estimated value of $2.5 billion. On average, an estimated $70 million is lost because of expiry dates.**

Read More

Travelling to and from your investment property

By WSC Group | Created on November 13, 2018

**From 1 July 2017, new rules came into effect that prevent taxpayers claiming a deduction for expenses they incur travelling to and from their residential investment property.** From 1 July 2017, new rules came into effect that prevent taxpayers claiming a deduction for expenses they incur travelling to and from their residential investment property.

Read More

Scammers impersonating tax agents

By WSC Group | Created on November 13, 2018

The ATO has received increasing reports of a new take on the ‘fake tax debt’ scam, whereby scammers are now impersonating registered tax agents to lend legitimacy to their phone call.

Read More

Accelerated tax rate reduction for small business

By WSC Group | Created on November 13, 2018

Small business is still a vote winner with the Government and Opposition teaming up to accelerate tax cuts for the sector by 5 years impacting on an estimated 3.3 million businesses.

Read More

Expansion of the TPRS

By WSC Group | Created on November 12, 2018

The Taxable Payments Reporting System (‘TPRS’) has been expanded to the cleaning and courier services industries from 1 July 2018**.

Read More

How tampons became a political debate

By WSC Group | Created on November 12, 2018

GST is applied to tampons but not to incontinence pads. Viagra is exempt from GST but nipple shields for breast feeding mothers are not. Breakfast cereals are GST-free but breakfast bars and drinks are taxable. We explore the political football of GST exemptions.** GST is applied to tampons but not to incontinence pads. Viagra is exempt from GST but nipple shields for breast feeding mothers are not. Breakfast cereals are GST-free but breakfast bars and drinks are taxable. We explore the political football of GST exemptions.

Read More

Proposed expansion of STP to smaller employers

By WSC Group | Created on November 12, 2018

Single Touch Payroll (‘STP’) commenced on 1 July 2018 for approximately 73,000 employers who have 20 or more employees.

Read More

Ban on electronic sales suppression tools

By WSC Group | Created on November 12, 2018

From 4 October 2018, the Government has banned activities involving electronic sales suppression tools (‘ESSTs’) that relate to people or businesses that have Australian tax obligations.

Read More

190,000 taxpayers ‘examined’ in ATO online rental blitz

By WSC Group | Created on September 11, 2018

The Australian Taxation Office (ATO) has announced a new data-matching program targeting taxpayers earning income from the exploding popularity of short-term rentals available on platforms like AirBNB and Stayz.

Read More

Crowdfunding donations to help drought- affected farmers

By WSC Group | Created on September 11, 2018

Editor: The ATO is currently offering various support measures to individuals and businesses from drought-affected communities to help with managing their tax and super obligations or who are struggling with their mental health.

Read More