ATO Rules

Blog tagged as ATO Rules

ATO scrutiny on family trust and s 100A arrangements

The ATO has finalised a major tax ruling about when distributions from family trusts may be caught by anti-avoidance tax laws. Make sure you are doing the right thing now and in the future.

RBizz Team

07/02/2023 05:42 PM - Comment(s)

Paid Family and Domestic Violence Leave – New Entitlement Rules

As of 1st Feb, Paid Family and Domestic Violence Leave is a paid leave entitlement for employees of larger employers, and from 1 Aug 23 for employees of small employers. Talk to us to plan for changes to payroll provisions and costs.

RBizz Team

03/02/2023 03:30 PM - Comment(s)

Your upcoming tax calendar for February and March 2023

Welcome to 2023! To help you understand your tax obligations as you get back into the swing of things, here is a list of key tax dates for February and March 2023.

RBizz Team

01/02/2023 09:37 AM - Comment(s)

Sharing economy receipts now reportable directly to ATO

Operators of sharing economy platforms now required to report transactions to the ATO from 1 July 2023. If you operate in these platforms, such as ride share or short-term accommodation, make sure this information comes to us for your tax return.

RBizz Team

24/01/2023 04:53 PM - Comment(s)

Sharing economy reporting system to be implemented

Operators of sharing economy platforms will be required to report transactional information to the ATO from 1 July 2023. If you are operating in these platforms, make sure your information comes to us when we complete your tax return.

RBizz Team

22/12/2022 04:50 PM - Comment(s)

Increasing income thresholds to the Commonwealth Seniors Health Card

A measure contained in the October 2022 Federal Budget may give you an entitlement on the Commonwealth Seniors Health Card. Find out if you'll become eligible.

RBizz Team

19/12/2022 04:56 PM - Comment(s)

AAT to have powers to pause or modify ATO debt recovery

Small businesses may soon be able to apply to the Administrative Appeals Tribunal (AAT) to pause or modify ATO debt recovery action for debts being disputed in the AAT.

RBizz Team

19/12/2022 03:52 PM - Comment(s)

Paid Family and Domestic Violence Leave – New Entitlement Rules

Paid Family and Domestic Violence Leave becomes an entitlement for employees in 2023. All employees (including casuals) can access this leave type from day one of employment, so talk to us to start planning for changes to payroll provisions and costs.

RBizz Team

18/12/2022 05:39 PM - Comment(s)

The Secure Jobs and Better Pay Bill - How will it affect your business?

The new 'Secure Jobs, Better Pay' Bill 2022 brings major changes to employment laws. While most of the changes roll out over the next 6-12 months, some take effect now. Talk to us about reviewing your HR documents.

RBizz Team

16/12/2022 03:33 PM - Comment(s)

Crowdfunding donations this Christmas season

This festive season you may wish to give money to those less fortunate via crowdfunding campaigns. Know the tax implications before you jump in.

RBizz Team

12/12/2022 05:25 PM - Comment(s)

Business tips: Selling up and moving on – what happens next?

You’ve sold your business and have the money burning a hole in your pocket. What happens next? We’ve got some great options for your post-exit life to consider.

RBizz Team

04/12/2022 05:22 PM - Comment(s)

Digital Payroll for Your Agribusiness

Are you managing your farm’s payroll on paper or spreadsheets? The FWO and ATO are actively investigating agribusiness payroll records. Talk to us about getting a digital system that will save time and money and make payroll record keeping a breeze.

RBizz Team

04/12/2022 05:16 PM - Comment(s)

ATO to have power to make you take tax education course

The ATO will be given powers to direct a taxpayer to undertake a record-keeping education course in lieu of an administrative penalty.

RBizz Team

14/11/2022 03:53 PM - Comment(s)

Incentivising pensioners back into the workforce

The October 2022 Federal Budget contains measures which may provide you with an ability to earn some extra income without hurting your social security entitlements, to ease cost of living pressures.

RBizz Team

10/11/2022 05:39 PM - Comment(s)

Changes to pension tests for downsizers

Age pensioners and income recipients are set to benefit from a change in rules to the eligibility tests in relation to their principal home. See how changes to the income and assets tests may affect you.

RBizz Team

08/11/2022 05:34 PM - Comment(s)

Single Touch Payroll Phase 2 Updates

If you’re not already using Single Touch Payroll Phase 2 in your payroll software, you may have more time before you have to start using STP 2. Talk to us today to check your payroll systems and software before upgrading to STP Phase 2.

RBizz Team

03/11/2022 05:34 PM - Comment(s)

Payroll Updates Sept 2022: Minimum Wage, Super Increase and STP

Are you across the recent payroll and employment law updates? We can help check your payroll setup, award provisions, employee agreements, and payroll costing. We can also assess if your software is ready for ATO STP Phase 2 reporting.

RBizz Team

12/10/2022 05:58 PM - Comment(s)

Training your staff can get you a 20% bonus deduction

Small businesses will get a bonus tax deduction on top of the allowable deduction for training their employees.

RBizz Team

11/10/2022 05:47 PM - Comment(s)

GST on Business Purchases from Overseas

Does your business buy products and services from overseas suppliers? If so, you may be charged GST, but not always! We can review your accounts and software tax codes to make sure GST claims on overseas purchases are correct.

RBizz Team

04/10/2022 05:46 PM - Comment(s)

Crypto assets to be specifically excluded from foreign currency

Crypto assets are being specifically excluded from being foreign currency for income tax purposes, with exposure draft legislation released.

RBizz Team

27/09/2022 05:42 PM - Comment(s)

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