No deduction for non-compliant payments

No deduction for non-compliant payments

Print this article:   From the 2019–20 income year, a business taxpayer cannot claim a tax deduction for a payment that it makes to a worker — whether an employee or a contractor — unless it has complied with all Pay As You Go (PAYG) withholding obligations that...
Uber v Taxis

Uber v Taxis

Print this article: Background Since the Federal Court confirmed in 2017 that an Uber driver was supplying taxi travel for the purposes of the GST Act when he was operating as an uberX Partner, there has been a cloud of doubt hanging over whether employers are...
The new personal tax cuts

The new personal tax cuts

Print this article: The legislative journey of the personal tax cuts The Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Act 2019 (the 2019 Act) passed the Senate without amendment on 4 July 2019 and received Royal Assent as Act...
STP myth-busting

STP myth-busting

Print this article:   Starting to report through STP We are now at the pointy end of implementing STP reporting which has applied to substantial employers (20 or more employees as at 1 April 2018) since 1 July 2018 but has been expanded to include small employers...
New instant asset write-off

New instant asset write-off

Print this article: Background Small business entities (SBEs) may choose to apply the simplified depreciation provisions and calculate deductions for the decline in value of their depreciating assets under Subdiv 328-D of the ITAA 1997 instead of Div 40. This requires...