Tax Tips For Business Owners

Uber Drivers Not Employees

By Warren Kruger / July 7, 2019 / 0 Comments

  | | | The Fair Work Ombudsman has completed its investigation relating to Uber Australia Pty Ltd and its engagement of drivers, concluding that the relationship between Uber Australia and the drivers is not an employment relationship. The investigation found that Uber drivers are not subject to any formal or operational obligation to perform […]

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Cash In Hand Payments To Workers No Longer Tax Deductible

By Warren Kruger / July 5, 2019 / 0 Comments

  | | | The ATO has reminded employers that any cash in hand payments made to workers from 1 July 2019 will not be tax deductible. ‘Cash in hand’ refers to cash payments to employees that do not comply with pay as you go (‘PAYG’) withholding obligations. Payments made to contractors where the contractor […]

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New Rules for Immediate Write-Offs

By Warren Kruger / June 17, 2019 / 0 Comments

  | | | Small business entity (‘SBE’) taxpayers who choose to depreciate their assets under the simplified depreciation rules are entitled to an immediate deduction with respect to low-cost assets in the year they are first used or installed ready for use for a taxable purpose. Thanks to recent changes, SBE taxpayers may be […]

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Paying Super to Backpackers

By Warren Kruger / June 15, 2019 / 0 Comments

  | | | The ATO has issued the following reminders to employers, that backpackers on working holidays: are considered temporary residents, and are entitled to superannuation guarantee if they are paid $450 or more before tax in a calendar month; and who leave Australia can claim the super paid to them as a Departing […]

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Employees and Payment Summaries

By Warren Kruger / June 10, 2019 / 0 Comments

  | | | The ATO has also reminded employees about employees and payment summaries. How they get their end of financial year information from their employer, showing their earnings for the year, depends on how their employer reports their income, tax and super information to the ATO. Specifically: Employers that are not yet reporting […]

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Single Touch Payroll For Employees

By Warren Kruger / June 5, 2019 / 0 Comments

| | | With the introduction of Single Touch Payroll for employees, the way workplaces report your tax and super information the ATO has changed. The ATO have changed the way workplaces will be reporting your tax and super information which will provide the ATO with your tax and super information on more of a […]

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