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The ATO has recently warned employers that it considers that annual leave loading should normally be part of ordinary time earnings (‘OTE’) for superannuation guarantee (‘SG’) purposes unless it is preferable to a “lost opportunity to work overtime“. Therefore, if…

Does the thought of doing a log book make you want to scream? Now there is an easy solution. We find clients hate doing a logbook for car usage. If you wish to claim a percentage of your motor vehicle…

The ATO has recently reminded small businesses of the expanded tax concessions potentially available to them, as outlined below: • The pending increase in the small business instant depreciating asset write-off to less than $25,000 (as discussed in further detail…

On 29 January 2019, the Prime Minister announced that legislation will be introduced to: • extend the small business instant asset write-off by 12 months to 30 June 2020; and • increase the write-off threshold from less than $20,000 to…

The rules for claiming deductions for payments to workers are changing. From 1 July 2019, businesses can only claim deductions for certain payments made to workers where they’ve met the Pay As You Go (‘PAYG’) withholding obligation for that payment.…

The ATO has again warned taxpayers to be alert for scammers impersonating the ATO, as it appears they have changed tactics in 2019. Specifically, the ATO is seeing the emergence of a new tactic where: “scammers are using an ATO…