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How to Prepare for a Tax Office Visit
By WSCAdmin | Created on June 18, 2019
The Tax Office is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy.
Tax time, Are you in the ATO’s sights??
By WSCAdmin | Created on June 18, 2019
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.
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.
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.
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.
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.
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.
Non-compliant payments to workers
By WSCAdmin | Created on March 14, 2019
The rules for claiming deductions for payments to workers are changing.
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.
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).
