Deductibility of airport lounge memberships
The ATO has also confirmed that the cost to a business taxpayer of a yearly airport lounge membership (e.g., Qantas Club, Virgin Lounge)...
Building and Construction Industry
ATO warning for the building and construction industry. The ATO has reported that the building and construction industry represents a...
Tax Deductions Disallowed by ATO
With over eight million Australians claiming work-related expenses each year, the ATO is reminding people to make sure they get their...
ATO focuses on rental property owners
With Tax Time 2016 just around the corner, the ATO has stated it will be paying close attention to excessive interest expense claims, and...
YAY!!! New Simpler BAS on the way
The ATO has been working on ways to deliver a simpler business activity statement (BAS) to simplify account set-up, record keeping, BAS...
ATO's continuing focus on trust property developers
When these developed properties are sold, some trusts incorrectly claim a 50% CGT discount. The ATO will continue to target arrangements...
2016/2017 Federal Budget Update
The government handed down the 2016/17 Federal Budget on Tuesday 3rd May. It included (among many changes) proposed personal income and...
Gold Coast businesses under the ATO's microscope
As part of an ongoing, Australia-wide program, the ATO has advised that it will be visiting restaurants, cafés and take-aways, along with...