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Lodging Your Individual Tax Returns with Pherrus

Tax day may seem a long way off at the moment, but 31 October will sneak up on you sooner than you think. The earlier you start preparing to lodge your individual tax return, the easier the process will be. You don’t want to be left scrambling around at the last minute, trying to get…

Changes to GST Exemption

Starting from the 1st July 2018, the changes to GST exemption mean that all online goods bought from overseas will now carry a 10% goods and services tax. The previous rules meant that all goods worth less than $1,000 were exempt from the GST, but that is no longer the case. Goods becoming more expensive…

ATO Cracks Down on Cryptocurrencies

If you have invested in Bitcoin or other cryptocurrencies, you need to stay ahead of some changes which are coming from the Australian Tax Office. The ATO is keen to crack down on cryptocurrencies to ensure that investors are paying taxes on their earnings. New crackdown initiative The ATO has a number of different ways…

ATO Cracks Down on Work-Related Expenses

Chris Jordan, Australia‚Äôs Tax Commissioner, has warned that the Australian Tax Office (ATO) is about to crack down on people claiming work-related expenses Jordan stated that a recent check into work-related expenses has uncovered a large number of wrongful claims. He also warned that 100% of the claims that were taken before the Administrative Appeals…