by Team Garnet | Sep 6, 2023 | ATO, Tax News, Tax Time
Taxpayers with uncomplicated financial affairs have been given the green light to lodge their tax returns by the ATO. Will you get a refund this year? With only a little more than a month into tax time, the ATO has given the green light for taxpayers with...
by Team Garnet | Aug 10, 2023 | ATO, Superannuation
The ATO has warned taxpayers against entering into an SMSF scheme which purports to allow individuals to purchase property using money from their superannuation. With the never-ending increase in Australian house prices, many desperate home buyers are often turning to...
by Team Garnet | Jul 27, 2023 | ATO, Tax News
Businesses who make payments to contractors may need to report these payments and lodge a Taxable payments annual report (TPAR). You will need to lodge a TPAR if your business made payments in the last financial year (ie the one ending 30 June 2023) to contractors...
by Team Garnet | Jul 20, 2023 | ATO, Tax News
From 1 July 2023, employers have the option to use appropriate alternative statutory evidentiary documents to satisfy FBT record-keeping requirements. Employers that provide certain fringe benefits to their employees can soon use appropriate alternative statutory...
by Team Garnet | Jul 8, 2023 | ATO, Small Business
With the advent of a financial year, temporary expensing is now no longer available, but small businesses still have access to the instant asset write-off. What is the instant asset write-off? Eligible businesses can claim an immediate deduction for the business...
by Team Garnet | Jun 23, 2023 | ATO, Tax News
This tax time, the ATO is ramping up its data-matching program and capabilities with two new programs. Taxpayers beware, this tax time, the ATO will be using all its data matching capabilities in multiple areas to ensure that individuals are paying the correct amount...
