LATEST TAX NEWS 

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• Non-compliant withholders to be denied tax deductions. From 1 July 2019, businesses will no longer be able to claim a deduction read more >>

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• Tax changes for small business are finally law. The following changes affecting small businesses have passed parliament read more >>

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• Data Matching Program - Sharing Economy (Accommodation). The ATO have published a notice outlining a data matching program relating to on-line accommodation platforms such as Airbnb. read more >>

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• HELP Repayment Changes. University fees (or other approved higher education fees) can be paid each year or, alternatively, assistance through a loan scheme may be provided by the government. read more >>

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• New downsizing super cap - legislation drafted.  If you are aged 65 or over, your home is your main residence for CGT purposes and you have owned it for a minimum of ten years, you could benefit from new draft legislation. read more >>   

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• Work-related expense claims under scrutiny.  Will you claim work-related expenses on your tax return this year? The ATO now uses real-time data to compare people’s tax returns with others in similar occupations and income brackets. read more >>   

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• Employee travel expense deductions.  The ATO has also released new guidance on work-related travel deductions. To claim for transport or other employee travel expenses (like accommodation and meals) in your tax return, you must have incurred the expenses as part of gaining or producing your taxable income. read more >>