Hot Issues
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$20m boost for SME clients looking to exporting
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Work-Related Expenses
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ATO updates crypto guidance
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ATO zones in on hundreds of newly created reserves
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Senate passes $20,000 instant asset write-off extension
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Victorian Vacant Property Tax
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Director Penalty Notices
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ATO set to pounce on undisclosed income streams
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In case you missed it – The company tax Bill that did pass Parliament.
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GST spotlight headed to smaller end of town
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Superannuation Amnesty – Maybe! Maybe Not!
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ATO drills in car-sharing focus this tax time
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What is Bankruptcy?
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Update of Australia's vital statistics
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ATO speaks on risk factors, surveillance triggers for FY19
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ATO’s corporate residency guidance cops backlash
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ATO dispels top tax time myths to clients as clampdown rolls out
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Tools for budgeting, cash flow, Super and more ….
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Guidance for SMSFs on transfer balance reporting
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ATO issues alert on super, tax scams
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Salary sacrifice integrity
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Understanding the evolution of blockchain and cryptocurrencies
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Update to Australia's vital statistics
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Tax Time Checklists- Individual, Company, Trust, Partnership and Super Funds
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SMSFs - Our 'hardest' jobs
Article archive
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Quarter 3 July - September 2018
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Quarter 2 April - June 2018
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Quarter 1 January - March 2018
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Quarter 4 October - December 2017
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Quarter 3 July - September 2017
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Quarter 2 April - June 2017
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Quarter 1 January - March 2017
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Quarter 4 October - December 2016
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Quarter 3 July - September 2016
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Quarter 2 April - June 2016
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Quarter 1 January - March 2016
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Quarter 4 October - December 2015
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Quarter 3 July - September 2015
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Quarter 2 April - June 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
Quarter 2 of, 2015 archive
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Capital Gains Tax – which year?
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SMSFs may be missing out on allowable deductions
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Change to Early Access Rules
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Checklist for Employers Year-end
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Year-end Tax Planning – Trusts
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Year-end Tax Planning – Small Business
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Year-end Tax Planning – Individuals
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Reminders and Tax Strategies for SMSFs pre-year end
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Tips and traps for acquiring SMSF assets from related parties
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Overtime Payments May Eliminate Claims for Unfair Dismissal
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ACCC issues scam warning
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SME Dispute Resolution
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Land Tax – Victoria
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R&D incentives at risk
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ATO adds ‘hot issue’ to its SMSF target list
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Additional Super Contributions Not Appropriate for all
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Issues arising from an underpaid pension
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Salary and Superannuation after the death of an employee
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IPA calls for zero pc tax rate
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Budget 2015 - some professional opinions
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Australian Government - Budget 2015
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Looming end to SMSF Borrowings?
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ATO warns SMSFs on franking credits scheme
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Lump Sum Payments - Employer Reporting
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Small business tax cuts 'not enough', says IPA
Checklist for Employers Year-end

       

A few extra matters to consider when preparing employee payment summaries

•    Have any allowances been paid to employees? Should such allowances be shown?
•    Has a travel allowance been paid for overnight food and accommodation? Does the substantiation exception apply? 
•    Has an employee(s) been paid a cent per kilometre ‘reimbursement’? Such amount must be included as an allowance (as it is not strictly a reimbursement, notwithstanding that it is commonly referred to as such). 
•    Have you included employees that are also related parties of the business (e.g. family members)? 
•    Do payment summary totals match amounts disclosed on Business Activity Statements? 
•    Have superannuation and fringe benefits been reported accurately?