Did You Know? You can no longer claim deductions for payments to workers if you have not met your pay as you go (PAYG) withholding obligations. This applies to income tax returns lodged for the 2020 income year onwards. If PAYG withholding rules require an amount to...

When hiring workers, do you understand the difference between contractors and employees for tax and super purposes? Getting it wrong compromises your ability to meet your tax and super obligations, and can mean your workers miss out on employee entitlements. If you...

When you sell a property, you may be carrying on an enterprise. If you are carrying on an enterprise, you will need to have an Australian business number (ABN) and register for GST – even for one-off transactions. Below are the things you should consider when selling...

Single Touch Payroll (STP) reporting, combined with improvements in super funds' reporting through the Member Account Transaction Service (MATS) means ATO now have near real-time data to show employers' compliance with their super guarantee (SG) obligations. ATO will...

Airbnb isn't just a hobby, it's a business. That's the message from the Australian Taxation Office to those who use the popular home-sharing service to lease out their properties. More than 200,000 Airbnb homeowners will be affected. Airbnb sent an email out to its...