New Tax Tables

New Tax Tables

Are you withholding the correct amount of 2020 tax from your employees? Tax tables that have not changed from 2019 and will continue to apply. Refer to Tax Tables for more information. Don’t get caught out as employers can be liable in certain circumstances for...
2019 FYCF

2019 FYCF

The introduction of the Tax Agent Services Act 2009 means a greater safe-guard for taxpayers and our Financial Year Compliance File has been designed specifically with this in mind. The 2019 FYCF has been sent out.  Please ensure you have returned your completed FYCF...
Building and Construction

Building and Construction

How did you go in 2019? Did you get selected for audit? Taxpayers in the building and construction industry have lodged their Taxable Payments Annual Report (TPAR). The A.T.O. are conducting a series of audits – make sure you don’t get caught out! For more...
Directors Liability

Directors Liability

Notice to all Directors: From appointment date, a director has 30 days to decide to resign with no potential for exposure to adverse personal financial liability.  Furthermore, the Tax Laws Amendment (2012 Measures No. 2) Bill 2012: Companies’ non-compliance...
2020 Individual Income Tax Rates

2020 Individual Income Tax Rates

Australian resident individual income tax rates for 2020 have not changed from 2019 rates and the Medicare Levy rate remains at 2%.  Consequently, for resident individuals this means if you don’t have private health insurance you could pay a further 3.5% tax on...
Small Business Tax

Small Business Tax

From 2 April 2019, the instant asset write-off has also been expanded to include businesses with a turnover from $10 million to less than $50 million. For more information, click on Instant asset write-off and small business concessions. Thinking of purchasing assets...