Blogs

Federal Court Upholds Tax Credit, Despite Non Reporting of PAYG Withheld Amounts It is commonly understood that all PAYG amounts classed as “withheld” from the salary or wages of a taxpayer, must be reported to the ATO. This is a standard element of tax compliance, and is something that the vast majority of Australian tax…

Clarifying ATO Garnishee Notices: Federal Court Rules Out Tax-Related Liability for Non-Compliant Entities It will come as no surprise that the ATO takes overdue tax payments very seriously. Because of this, the tax office is afforded certain legal rights which enable their officers to follow up missed payments, and to collect them in full from…

Taxable Payments Draft Law: The New Reporting Obligations You Need to Know About If you run a business in Australia, you will already be familiar with the legal requirement to report on taxable payments. Details regarding these payments must be submitted to the ATO so that taxes can be calculated accordingly, ensuring that your business…

Changes to ATO policy may mean that your eligibility for tax deductions have changed. The 10% maximum earnings condition for personal superannuation contributions rule was removed under Government changes for the 2017-18 and future financial years. Under this new condition, you may now be eligible to claim personal super contribution (PSC) deductions. Let’s take a…

On December 12, 2018, a new act took effect in Australian employment law. This is the Fair Work Amendment (Family and Domestic Violence Leave) Act 2018, an updated component of the Fair Work Act of 2009. This latest amendment gives all employees the right to unpaid annual leave following an instance of domestic or family…

Single Touch Payroll (STP) is a method of submitting tax and other payroll information to the government directly from your software system every time you pay your employees. When STP comes into effect If you are an employer with at least 20 employees, you should already be reporting through STP. The only exception is if…

Phoenix Task Force and its Role in Fighting Illegal Trading It’s a problem that’s costing the economy as much as $5 billion a year or more, and the Australian Tax Office is prepared to take it on. Unscrupulous business owners every year create what economists call phoenix companies to evade tax, debt, employment, or other…

Pherrus Foundation Participates In the 2018 Westmead Children’s Hospital Radiothon   With a wide selection of fun games, lots of delicious food, children playing everywhere, and even a visit from Wonder Woman and Batman, the 2018 Westmead Children’s Hospital Radiothon had all the appearance of a carnival.   Behind all of the good times and…

We have recently been hearing more about a new Scam Alert with callers imitating the Australian Tax Office in an unprecedented way. The Scam goes something like this;  You receive a phone call from “02 6216 1111” number – What does this mean? It means that is the ATO calling you, as that is the…

As an approach to passive income that’s gathered popularity in recent years, car sharing applications are used throughout Australia. Recently, the ATO has begun cracking down on those who are generating significant income through their use. If you’re partial to profiting from car sharing, you may want to learn more about your tax obligations. How…

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