Archive for the ‘Latest Tax News & Hot Topics’

Guide to managing your tax debt

Sunday - February 28th, 2010

Information about what to do if you are having difficulty paying your tax. (more…)

 

Fringe benefits tax – a guide for employers

Monday - February 22nd, 2010

Comprehensive fringe benefits tax (FBT) information including how FBT works. (more…)

 

Non-commercial losses: evidentiary checklist

Monday - February 22nd, 2010

Do you make a loss from a business activity? 2. Do you carry on that activity as an individual, either alone or in partnership? If you answered yes to both of these questions then you must defer that loss, unless you meet certain conditions.
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Employee share schemes – information for employers

Sunday - February 14th, 2010

The tax law contains specific rules for the taxation of employee share scheme interests (ESS interests). (more…)

 

GST concessions for charitable fundraising events

Sunday - February 7th, 2010

Certain organisations can choose to have all supplies they make in connection with a fundraising event treated as input taxed for goods and services tax purposes. (more…)

 

New initiative to help the non-profit sector

Sunday - February 7th, 2010

The ATO have developed a new initiative to help non-profit organisations understand their tax obligations and entitlement to tax concessions. (more…)

 

Super for same-sex couples and their children

Sunday - February 7th, 2010

Information for super funds on the law changes for same-sex couple and their children. (more…)

 

Teachers – claiming work-related expenses

Sunday - February 7th, 2010

A fact sheet and list of items for teachers on common work-related expenses and tax deductions (more…)

 

Taxation of financial arrangements (TOFA)

Sunday - February 7th, 2010

New rules have been introduced (TOFA rules) which modernise the tax treatment of gains and losses on financial arrangements. (more…)

 

Rental properties – claiming travel expenses deductions

Monday - February 1st, 2010

Generally, the cost of travel you incur to inspect or maintain rental properties or to collect rent is an allowable deduction. (more…)