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The ATO is increasing attention, scrutiny and education on work-related expenses (WREs) this tax time.Assistant Commissioner Kath Anderson said: “We have seen claims for clothing and laundry expenses increase around 20% over the last five years.  While this increase isn’t a…

There is likely to be a little bit more red tape for investors who sell their properties in Australia. That is because investors who sell a property for over $750,000 will be required to obtain a clearance certificate from the ATO in…

The Three Best Ways to Secure Finance to Grow Your Business A daunting prospect for many business owners is obtaining finance in order to expand their business. While they may have successfully established their business and have ambitions to grow…

The Government will seek to legislate to close a loophole that could be used by unscrupulous employers to short‑change employees who choose to make salary sacrificed contributions into their superannuation accounts. The Government will introduce a Bill into Parliament this…

From 1 July 2017, where a foreign resident disposes of Australian real property with a market value of $750,000 or above, the purchaser will be required to withhold 12.5% of the purchase price and pay it to the ATO unless the…

Business growth is a major goal for almost all small business owners. While there are many ways for you to grow your business, the following three ways are among the easiest and most straightforward ways for you to do so.…