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n e w s r o o m

The approach to tax when you’re working from home

If you produce assessable income at home and you incur expenses from using it as your “office” or “workshop”, the Tax Office will generally allow you to claim some deductions. Otherwise they take the view that expenditure associated with your place of residence is more likely to be of a private nature. Read more…… here

Single touch payroll rollout for smaller employers

A major change in the way employers report the tax and super information for their employees to the ATO has been on the way for a while now. The single touch payroll (STP) system was rolled out gradually from 1 July 2018 for  “substantial” employers (those with 20 or more staff). Recently passed legislation extends STP to all employers, regardless of the number of staff, from 1 July this year. Read more……. here

Deductions for donations

As most of us know, donations of $2 or more are deductible, and there is flexibility in the rules around donating to emergency relief bodies in that no receipt is required if giving less than $10 (so called “bucket” donations). Read more……. here