ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations.

ATO ramps up heat on directors

Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored. The director penalty regime ensures that directors are personally liable…
Fuel tax credit changes

Fuel Tax Credit Changes

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022. This has caused a reduction in fuel tax credit rates. During this 6 month period, businesses using fuel in heavy vehicles…
The 120% deduction for skills training and technology costs

The 120% deduction for skills training and technology costs

It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access the deduction.  But, there are a…

Approaches for Dating Someone Outside Your Culture

Dating an individual outside your way of life can be equally fascinating and challenging, but it really can also enrich your marriage. While there will be cultural variations and social expectations to navigate, working through these issues will help you focus on his passion between you and your spouse. Here are some tips with regards…

Tricks for Dating far away

Dating far away can be a little tough, as there are varied traditions and cultures. The vital thing to do is certainly learn about the way of life of the nation you’re planning to date in. For instance , European customs values equality, so women have time to ask males away. And in many cases,…
Are Your Contractors Really Employees?

Are Your Contractors Really Employees?

Two landmark cases before the High Court highlight the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes. Many business owners assume that if they hire independent contractors they will not be responsible for PAYG withholding, superannuation guarantee, payroll tax and workers compensation obligations. However, each set…
Businesses Immediate Deductions Extended

Immediate Deductions Extended

Temporary full expensing enables your business to fully expense the cost of the below listed, in the first year if use:   new depreciable assets improvements to existing eligible assets, and second hand assets Introduced in the 2020-21 Budget and now extended until 30 June 2023, this measure enables an asset’s cost to be fully…
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