by Peter McCarthy | Aug 19, 2020 | Taxation
The COVID-19 pandemic has placed property owners, and tenants in many cases, in unfamiliar territory. Many tenants have been paying reduced rent or ceased paying because their income has been negatively affected. While rental income may reduce, owners will continue to...
by Peter McCarthy | Jul 22, 2020 | Taxation
This Tax Season is the second following the introduction of Single Touch Payroll. So it makes sense that many people are unsure about what is happening with Payment Summaries (formerly Group Certificates) again this year. For most people, what was their old payment...
by Peter McCarthy | Apr 24, 2020 | Taxation
The ATO says it can help if you have lost tax records due to a natural disaster such as a bushfire. It says it can achieve this by providing on-site visits to help you reconstruct lost or destroyed tax records and/or assistance to work out reasonable estimates if you...
by Peter McCarthy | Apr 22, 2020 | Business Management, Taxation
If you are running a business, you can no longer claim deductions for payments to employees/workers if you have not met your Pay As You Go PAYG Withholding obligations. What is PAYG Withholding? As an employer, you have a role to play in helping your payees meet their...
by Peter McCarthy | Mar 15, 2020 | Taxation, Technology
Security online is more important than ever. Communication over an online channel has undoubtedly become the default these days, and dealing with the ATO is no exception. The transition to online has been expanding over some years. More and more transactions and...
by Peter McCarthy | Feb 2, 2020 | Taxation
The Australian Taxation Office (ATO) is warning rental property owners that it sees some reasonably common tax mistakes made with investment property claims. It has therefore released a list of the top 10 mistakes, and how best to avoid them. Apportioning expenses and...
