ATO

Lodging Late / Overdue Tax Returns

November 8, 2022
Lodging Late / Overdue Tax Returns | TAS | Bayswater

Is your tax return overdue? Do you have several late tax returns you want to avoid? A tax return must be filed every year. There are a number of reasons why you may not have gotten around to it, including being too busy, being overseas, or simply finding it too complicated. Whether you haven’t filed …

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SG Payments and Your Employees – What You Need To Know

October 4, 2022

Super Guarantee Payments The superannuation payment to your employees must be made, otherwise, stringent penalties can be imposed that are more financially damaging to your business than simply paying their superannuation. Eligible employees must be paid their minimum superannuation of 10.5% of their ordinary time earnings (OTE). By 2025, this is predicted to increase to …

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The Proposed Electric Vehicle FBT Exemption On Everyone’s Minds

October 4, 2022

Electric Vehicle FBT Exemption In the news, electric cars have been getting a lot of attention. A car that was once the preserve of the elite is now more common on the streets. One-third of all electric vehicle sales in Australia occur in New South Wales alone. Since the government’s election in May, there have …

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How to avoid being audited by the ATO

September 28, 2022
How to avoid being audited by the ATO | TAS | Tailored Accounting

Avoiding Tax Audits Tax returns are not always done correctly by everyone. Whether it’s an honest mistake or a deliberate act, everyone loses in the end. ATO attention is more likely to be drawn to individuals who deal predominantly in cash or who have experienced large income fluctuations. In spite of this, anyone can be …

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