Get your ‘Personal Service Income’ affairs in order for 2016
It is not uncommon for professional people who provide services to set up a separate entity to run their business, be it a trust, partnership or incorporated company.
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Rental Properties: ATO focus on ‘initial repairs’
The ATO is focusing on claims that investment property owners make for repairs to residences that it deems to in fact be ‘improvements’.
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Work-related travel expenses: Why are they on the ATO’s radar?
An area where we see individuals getting it wrong as employees is in relation to claiming work-related travel expenses.
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Boats, planes, cars, horses… ATO Data matching to uncover wealth
In the old days, tax officials could be seen driving around the ‘burbs looking for signs of opulence that didn’t match your income.
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