Nearly all businesses will have an online presence, indeed a website is increasingly considered to be an ordinary business requirement. We take a look at when is this expenditure deductible and when the tax deductions need to be spread over several years. Generally, acquiring or developing a website, even if the website is very [...]
As part of the Federal Budget, the government released measures designed to encourage businesses to employ additional job seekers. One measure was called JobMaker, which is aimed at getting young job seekers back in the work force. Below we summarise the initial outline of the JobMaker program. What do you get under JobMaker if [...]
The ATO has obtained data from 25 insurance companies regarding the insured assets of taxpayers. Why have the ATO obtained this information and what are they looking to gain from it? Essentially the ATO are looking to achieve two outcomes: Identify taxpayers who are operating outside the taxation system; and Identify taxpayers who are not [...]
