by Team Garnet | Jun 19, 2018 | Tax News
Pre-lodgement compliance reviews (PCRs) are increasingly being used by the ATO to resolve potential compliance concerns as they arise. Previously, PCRs have only been applied to significant taxpayers such as public companies, international groups, and large Australian...
by Team Garnet | Jun 19, 2018 | Tax News
Tax time has come around for another year, and this year the ATO is focusing on “other” work-related expense deductions and work-related car expenses. It says taxpayer must remember that they are not automatically entitled to claim standard deductions and that all...
by Team Garnet | Jun 18, 2018 | Capital Gains, Tax News
Did you know that if you’re selling your home you may need a capital gains withholding clearance certificate from the ATO? If you don’t, you may find a chunk of the sales proceeds from your home going to the tax man. The online process to obtain the certificate is...
by Team Garnet | May 15, 2018 | Small Business, Superannuation, Tax News
The 2018-19 Budget was handed down on 8 May by Treasurer Scott Morrison who delivered what was widely perceived to be an election Budget with lots of sweeteners for everyone. So what’s in it for you? Businesses: While there were no specific tax cuts for businesses,...
by Team Garnet | May 7, 2018 | Superannuation
It is said there are only two things certain in life. Death and Taxes! What happens when they occur at the same time? Death of a loved one is not only a tumultuous time for the deceased family and friends but when the deceased is a member of a self-managed...
