Short Answer – Not usually. Read on to find out why. History Of Audits Over many years the thought of an audit from the Australian Tax Office (ATO) would make most people curl into a little ball and rock endlessly in a corner. It was one of the most stressful...
The Australian Taxation Office(ATO) has reported that the $20,000 threshold has been recently extended to the date of 30th June 2019. This means that if you buy an asset and it costs less than $20,000, then you can write off the business portion in your tax return for...
The compulsory transition for businesses to use Single Touch Payroll(STP) is the most significant change to payroll in many years. From the 1st July 2018 all employers with 20 or more employees will be required to have single touch payroll. These are referred to by...
