Our Insights
Rental property audits
Tax office to double audits of ‘dodgy’ rental deductions Rental property owners are being warned to ensure their claims are correct this tax time, as
Tax time tips for small business
Top 3 business tax return issues To lend a ‘helping hand’ to small businesses to get their tax right this tax time, the ATO has
Backpacker superannuation
Paying super to backpackers The ATO has issued the following reminders to employers, that backpackers on working holidays: are considered temporary residents, and are entitled
Human cost of late payments
Late payments affect business from financial and operational perspective It’s an issue that’s close to our hearts and a conversation that matters. But another conversation,
Data matching cryptocurrency
Cryptocurrency data matching program The ATO is collecting bulk records from Australian cryptocurrency designated service providers (‘DSPs’) as part of a data matching program to
Cash in hand payments no longer deductible
‘Cash in hand’ payments to workers no longer tax deductible The ATO has reminded employers that any ‘cash in hand’ payments made to workers from
New rules for immediate write-offs
Recent changes for immediate write-off rules Small business entity (‘SBE’) taxpayers who choose to depreciate their assets under the simplified depreciation rules are entitled to an
Payroll update
Single Touch Payroll Update Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll (‘STP’) from 1 July 2019. The
Real estate insight from Charlie Ball, Elberton Property
Rapid change gives rise to new breed of real estate agents Omnis Real Estate’s Managing Director Justin Flavel CPA talks with Licensed Property Valuer and
Writing on the wall for more real estate disruption
Purplebricks’ market exit only opens the door to newer players If you believe the demise of Purplebricks in Australia is due to the market not
Robocall technology targets taxpayers
Scammers impersonate ATO phone numbers The ATO is warning that scammers have adopted ‘Robocall’ technology to target taxpayers across the country. Assistant Commissioner Gavin Siebert
Farewell FY19; welcome FY20
From the desk of Justin Flavel Another end of financial year is upon us and it’s not uncommon to reflect, especially on how quickly and
