ATO has reminded companies that the proposed changes affecting eligibility for the lower company tax rate have not yet passed. This means that the lower 27.5% tax rate continues to apply to base rate entities defined by current law. In the tax return, base rate entities must denote that they are such at item 3 […]

ATO will acquire the details of individuals in receipt of paid parental leave payments and Medicare entitlement statements from the Department of Human Services for the 2017-18, 2018-19 and 2019-20 financial years for a data-matching program. The data items expected to be obtained for the parental leave scheme include information on the employer, recipient and […]

Beware of work-related clothing and laundry expense claims this tax time, the ATO is cracking down on individuals making unsubstantiated and exaggerated claims. It has reminded taxpayers that only uniform, protective or occupation-specific clothing that you are required to wear to earn your income can be claimed as work-related clothing. In addition, laundry expenses can […]