THE QLD GOVERNMENT HAS ANNOUNCED THIS SCHEME HAS NOW BEEN CLOSED TO ALL NEW APPLICANTS The Queensland Government has just a couple of hours ago released their Job Support Loan package. The details of this package are summarised below our recommendations. Our Recommendations and General Advice* *The information...
Before we get started let me say two things: Dave is not a real client. He could be, but he is a combination of several clients and our experiences with their business and their lives. Take advice early. It needn't cost anything and...
While trips between home and work are generally considered private travel, you can claim deductions in some circumstances, as well as for some travel between two workplaces. Here is an actual case study provided by the ATO showing the approach they will take if your...
Tax planning not just making us money - Let me prove it. February is a good time to start thinking about how much tax you want to pay this year. With the right advice, you may be able to cut thousands of dollars off your tax...
Engaging contractors is a sham to avoid tax and other levies - Really? Sometimes this view is promoted by those in the HR industry who have a vested interest, sometimes by those with a political agenda, and sometimes by those infamous know-it-all BBQ advisers. The truth...
As far as misunderstood concepts go the Personal Services Income (PSI) rules are about as misunderstood as the Phantom from the opera. The first thing to understand about being a contractor is the 80/20 rule does not determine whether you can be a contractor or not...
Update as at June 2019. The ATO has always seen contractor payments in the construction industry as a significant tax risk. From 1 July 2018 the contractor reporting regime has been expanded to cover the following industries: Cleaning Courier Road Freight Information Technology Security, and Mixed...