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ATO doubles rental deduction audits

By WSCAdmin | Created on April 30, 2019

In the 2017-18 financial year, more than 2.2 million Australians claimed over $47 billon in deductions and the Australian Taxation Office (ATO) thinks that is too much - one in ten is estimated to contain errors.

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What you can expect after the election

By WSCAdmin | Created on April 30, 2019

Headlines only explain so much. In this special update, we examine where the 2019-20 Federal Budget left us, and the pivotal policies from the ALP on tax, superannuation and business.

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Tax scammer alert

By WSCAdmin | Created on March 14, 2019

The ATO has again warned taxpayers to be alert for scammers impersonating the ATO, as it appears they have changed tactics in 2019.

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Legislation in limbo

By WSCAdmin | Created on March 14, 2019

The February 2019 Parliamentary sitting days were the last opportunity before the Federal Budget for the Government to introduce or push through new legislation.

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Non-compliant payments to workers

By WSCAdmin | Created on March 14, 2019

The rules for claiming deductions for payments to workers are changing.

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What's new for Australian business?

By WSCAdmin | Created on March 14, 2019

The ATO has recently reminded small businesses of the expanded tax concessions potentially available to them.

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International Women's Day Has Anything Changed?

By WSCAdmin | Created on March 14, 2019

Women and girls make up just over half (50.7%) of the Australian population. While women comprise roughly 47% of all employees in Australia, they take home on average $251.20 less than men each week (full-time adult ordinary earnings).

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Benefits during emergencies exempt from FBT

By WSCAdmin | Created on March 14, 2019

If your business assists employees during an emergency, for example floods, bushfires etc., then fringe benefits tax is unlikely to apply to the assistance you provide.

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Single touch payroll extended to all employers

By WSCAdmin | Created on March 14, 2019

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.

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Tax on shares ATO extends data matching program

By WSC Group | Created on December 8, 2018

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

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