by Meredith Horner | Aug 2, 2022 | 1st Stop News, Superannuation, Tax Reporting
The ATO is focusing on four major concerns this tax season when it comes to rental properties. Concern 1: Include all rental income When preparing tax returns, make sure all rental income is included, such as from short-term rental arrangements, renting part of a...
by Meredith Horner | Jul 25, 2022 | 1st Stop News, Tax Deductions, Tax Reporting
The 2022 tax season is here and the Australian Taxation Office (ATO) is focusing on three key tax areas: Record keeping Capital gains from crypto assets Work related expenses Record Keeping 101 Accurate record keeping is essential as the ATO can reject any deductions...
by Meredith Horner | Aug 6, 2021 | 1st Stop News
Working from home has become a harsh reality for many of us over the last eighteen months. While it has its distinct advantages – no commute, no packing lunches, saving significant dollars on takeaway coffees – it isn’t without challenges. When your new co-workers are...
by Meredith Horner | Jul 13, 2021 | 1st Stop News, Tax Deductions
Important information for employees With lockdowns and social distancing restrictions, many Australian employees have left their office premises and settled into working from home. The Australian Taxation Office has recognised this and has set out a comprehensive list...
by Meredith Horner | Jun 17, 2021 | Superannuation
On 1 July 2021, the super guarantee (SG) rate will rise from 9.5% to 10%. If your small business has employees, you’ll need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate. For salary and wage payments made...
