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private use of work vehicles

ATO warning regarding private use of work vehicles and FBT

By Warren Kruger | October 20, 2025

Employers that supply work vehicles to their employees need to check how the work vehicles are used and whether any exemptions apply to determine if they attract fringe benefits tax (‘FBT’). FBT generally applies when a work vehicle is made available for private use, even if it is not actually used. Private use includes any […]

sole trader clients

Tips to help sole trader clients

By Warren Kruger | October 13, 2025

The ATO is seeing sole traders make mistakes in the following areas: not reporting all income — this includes income earned outside their business (like a ‘side hustle’), cash jobs, or payments in-kind/barter deals; overclaiming expenses — this includes claiming the portion of an expense related to personal use, or overstating the cost of goods […]

full shot man working as plumber min 1 1 scaled | Taxwise Australia | 08 6216 4309

Correctly dealing with rental property repairs

By Warren Kruger | October 9, 2025

Taxpayers who have had work done on their rental property should ensure the expense is categorised correctly to avoid errors when completing their tax return. A deduction for ‘repairs and maintenance’ expenses can be claimed for work done to remedy, or prevent defects, damage or deterioration from using the property to earn income. These expenses […]

Quarter Superannuation Guarantee

Reminder of September Quarter Superannuation Guarantee (‘SG’)

By Warren Kruger | October 6, 2025

Employers are reminded that employee super contributions for the quarter ending 30 September 2025 must be received by the relevant super funds by Tuesday, 28 October 2025. If the correct amount of SG is not paid by an employer on time, they will be liable to pay the SG charge, which (as noted above) includes […]

Employees incorrectly treated

Employees incorrectly treated as independent contractors

By Warren Kruger | October 3, 2025

The ATO is warning businesses that if they incorrectly treat an employee as an independent contractor, then they risk receiving penalties and charges, including: PAYG withholding penalty for failing to deduct tax from worker payments and send it to the ATO; Super guarantee charge (‘SGC’), which is more than the super that would have been […]

PAYGW reminders for activity statement lodgments

PAYGW reminders for activity statement lodgments

By Warren Kruger | September 3, 2025

The ATO will be sending certain employers a reminder to lodge their activity statements. The reminder will include the amounts the ATO has on record for them, such as: PAYG withheld amounts reported through Single Touch Payroll; and any other pre-filled amounts, including GST instalments and PAYG instalments (instalment amount option). The ATO’s reminders are […]

Beware Division 293 | Taxwise Australia | 08 6216 4309

High Income Earners – Beware Division 293!

By Warren Kruger | October 12, 2017

Have You Heard of Division 293? If your remuneration, including reportable fringe benefits and salary sacrificed superannuation contributions is in excess of $250,000 pa, you may have an additional tax liability over and above the normal income tax payable on such earnings due to Division 293. Now that would be a fairly substantial salary package, […]

Immediate Deductions For Start Up Costs | Taxwise Australia | 08 6216 4309

Immediate Deductions For Start Up Costs

By Warren Kruger | October 17, 2017

Historically taxpayers may have been able to claim a deduction for the start up costs associated with setting up a business or raising finance, including the costs incurred in: establishing a company or other business structure converting a business structure to a different structure raising equity for the business defending it against a takeover unsuccessfully […]

Small Business | Taxwise Australia | 08 6216 4309

Accelerated Depreciation For Small Business Has Been Extended.

By Warren Kruger | July 16, 2017

In the 2015-16 federal budget, the government increased the small business immediate deductibility threshold from $1,000 to $20,000, which was originally due to end at June 30, 2017. But a law amendment bill has recently been passed by Parliament that extends that measure by 12 months until June 30, 2018, after which the deductibility threshold […]

TW Depreciationn | Taxwise Australia | 08 6216 4309

Simplified depreciation rules for small business

By Warren Kruger | April 13, 2017

The simplified depreciation rules are attractive for small businesses as, among other things, they allow an immediate write-off for assets costing less than $20,000. In contrast, tax paying entities that do not qualify as a small business must use the general depreciation rules (also known as the uniform capital allowance rules), where certain assets need […]

TW Deductions | Taxwise Australia | 08 6216 4309

Getting deductions for clothing and laundry expenses right

By Warren Kruger | April 7, 2017

The ATO allows certain taxpayers to claim a deduction for the cost of buying and cleaning occupation-specific clothing, items of protective wear and for certain unique, and usually distinctive, uniforms. To claim a deduction it is generally expected that you will be able to provide evidence that you purchased the clothing concerned, and will have […]

Private Health Insurance Rebate and Medicare Levy Surcharge

By Warren Kruger | August 12, 2015

If you have private health insurance cover, you may be eligible for the private health insurance (PHI) rebate. Most people claim the rebate as a reduction in the amount of premiums they pay to their insurer. The rebate is income tested, which means that if you have a higher income, your rebate entitlement may be […]

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