Tax office to double audits of 'dodgy' rental deductions

Rental property owners are being warned to ensure their claims are correct this tax time, as the ATO has announced it will double the number of audits scrutinising rental deductions

Financial Accounting, Taxation, InvestmentJPR BUSINESS GROUP21 June 2019Tax, tax deductions, Taxation, australian tax office, audit, rental property, investment property

Single Touch Payroll Update

The ATO has reminded employers that legislation has been passed to extend Single Touch Payroll ('STP') to include all employers from 1 July 2019.

This will be a gradual start, and not all employers will start reporting at the same time.

Corporate Secretarial, Financial Accounting, TaxationJPR BUSINESS GROUP21 June 2019stp, single touch payroll, Tax, Taxation, payroll, EOFY

How to prepare for a Tax Office visit

The Tax Office is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy.

This financial year, the ATO has visited 22 regions with another four in progress. Next financial year they plan on visiting over 10,000 businesses.

Taxation, Financial Accounting, Corporate SecretarialJPR BUSINESS GROUP6 June 2019Tax, australian tax office, audit

Tax time: Are you right in the ATO's sights?

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.

Corporate Secretarial, Financial Accounting, Superannuation, TaxationJPR BUSINESS GROUP6 June 2019Tax, tax deductions, Taxation, australian tax office, ATO, superannuation