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 | May 20, 2021 | 1st Stop News, GST, Tax Deductions, Tax Reporting
Want to avoid under or overpaying your taxes? Need to budget for the upcoming financial year’s tax liabilities? Want to reduce the impact of tax law changes? Keen to take advantage of the instant asset write off? As the end of the financial year rapidly...
by Meredith Horner | Dec 20, 2019 | Tax Reporting
SINGLE TOUCH PAYROLL – STP REPORTING OVER THE CHRISTMAS BREAKMany businesses have a shutdown period during the year, especially in December and January. But when you report through Single Touch Payroll (STP) you need to lodge your payroll information on or...
by Meredith Horner | Aug 8, 2019 | 1st Stop News, Tax Reporting
**Note: QBCC Financial Reports are due 31 December, but your action is required today!**Attention all Builders & Tradies: New QBCC Minimum Financial RequirementsQueensland’s building licence regulator, the QBCC, has made some significant changes to the...
by Selina Zwolsman | Feb 7, 2019 | 1st Stop News, Tax Reporting
Important NoteThere’s been an amendment to legislation since we first published this article. The Australian Government has now ruled that ALL employees – whether large (greater than 19 employees), small or micro (1 to 19 employees) – will need to...