Latest News

Latest News2017-11-29T12:31:49+10:00

5 minutes with….. Megan Jenkin

How long have you worked at Hoffman Kelly and what brought you to that position? 11 years, I applied for the receptionist position and started in January 2008. I was looking to work somewhere fun and challenging. If you could invite three people for dinner, dead or alive, who would they be and why? Heath Ledger [...]

By |September 30th, 2019|Categories: 5 Minutes with.......|

Taxis vs Uber – same destination, different taxes!

The average person does not really think too much about taking a taxi or a ride-sourcing (often referred to as ride sharing) service such as Uber, Ola or Didi – it’s a decision based on service and cost. However, the ATO have particular views on these methods of travel, in particular, GST (Goods and Services Tax) [...]

By |September 30th, 2019|Categories: General News, Tax Saving|

Payroll Tax – Some changes for Queensland

From 1 July 2019, the Queensland payroll tax threshold has increased from $1.1 million to $1.3 million annually, resulting in some long overdue (albeit small) relief for Queensland employers. The rate for payroll tax remains the same at 4.75% for businesses with wages up to $6.5 million, but will increase for those over this to 4.95%. [...]

By |August 20th, 2019|Categories: General News, Tax Saving|

But Commissioner, my antique Louis Vuitton wasn’t taxable!

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 fully [...]

By |August 12th, 2019|Categories: General News, Tax Saving|

5 minutes with….. Jessie Baltus

How long have you worked at Hoffman Kelly and what brought you to that position? 3 years and a change in working industries. If you could invite three people for dinner, dead or alive, who would they be and why? Darren Lockyer, Leigh Matthews & Carl Barron. Darren Lockyer to hear all the insights on the [...]

By |July 30th, 2019|Categories: 5 Minutes with.......|

Data Matching – When the Clocks Strike Thirteen

Following the introduction of SuperStream on 1 July 2015, the ATO have now rolled out Single Touch Payroll (STP) for all employers, regardless of size, from 1 July 2019. Whilst this places an increased burden on compliance, particularly for very small businesses, many in the industry are more concerned about the information the ATO now holds, [...]

By |July 30th, 2019|Categories: Business Management, General News|

What is on this New Government’s Tax Agenda?

With the federal election delivering a Liberal National Coalition government for the next 3 years (based on recent history we will perhaps refrain from suggesting that Scott Morrison will be the Prime Minister for the next 3 years!) business and individuals alike have some clarity on the nature of the tax and business landscape ahead. Following [...]

By |May 23rd, 2019|Categories: Business Management, General News|

Superannuation Guarantee – Tips &Traps

With the end of financial year fast approaching, it is important to have an overview of key aspects of the super guarantee contribution rules and also stay up to date with the ever changing rules. Super guarantee contributions The amount paid is set at a percentage of each employee’s Ordinary Time Earnings (OTE). The Australian Government [...]

By |May 20th, 2019|Categories: Business Management, General News, Superanuation|

Changes to Director Penalty Notices

Changes to director penalty notices – personal liability for company superannuation debts What is a director’s penalty notice and what happened prior to 31 March 2019? A Directors Penalty Notice (DPN) is a notice that the ATO can issue to a director to recover unpaid superannuation and PAYG withholding amounts from a director personally.  The options [...]

By |May 8th, 2019|Categories: Business Management, General News|

2019 Budget Summary

Last week saw the Government bring down the budget which was conspicuously light on significant tax changes. Shortly after we saw the Opposition’s response and this year we listened with keen interest as it provides the small business community insight into the environment that may lie ahead depending on the election outcome.   This article summarises [...]

By |April 8th, 2019|Categories: Business Management, General News|

What evidences are required to prove your residency status for tax purposes?

The recent Federal Court decision in Harding v FC of T [2018] FCA 837 provides some clarity on the tax residency of individuals and sheds some light on the uncertain area of law. The case examined residency according to ordinary concepts and domicile test in regards to Mr Harding's circumstances, and the courts have looked [...]

By |March 13th, 2019|Categories: Business Management, General News, Tax Saving|