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Taxpayer’s claim for home office and car expenses successful

By Warren Kruger | July 15, 2025

The Administrative Review Tribunal (‘ART’) recently held that a taxpayer was entitled to claim deductions for home office and car expenses incurred during the COVID-19 pandemic. The taxpayer was employed full time by the ABC producing the ABC Sport Digital Radio station (‘Digital Role’) and producing ABC live sports broadcasts, mainly NRL football (‘Live Role’). […]

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Beware of tax advice from ‘finfluencers’

By Warren Kruger | July 15, 2025

The Tax Practitioners Board (‘TPB’) warns that the number of ‘finfluencers’ is on the rise.  These are influencers who offer financial advice, including tax advice, on various social media platforms such as Instagram and TikTok. Unfortunately, they do not always have the necessary qualifications to give out this advice or provide all the information taxpayers […]

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TBAR for June quarter due 28 July

By Tessa | July 15, 2025

All SMSFs must report relevant transfer balance account (‘TBA’) events using transfer balance account reporting (‘TBAR’).  All events must be reported regardless of the member’s total superannuation balance. Editor: TBA events include starting or commuting a retirement phase pension. TBARs for the June quarter are due by 28 July 2025.  If no TBA event occurred […]

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Notice of data exchange for skilled visa program compliance

By Warren Kruger | July 15, 2025

The Department of Home Affairs will obtain data from the ATO to identify whether business sponsors are complying with their sponsorship obligations (e.g., paying visa holders correctly) and whether temporary skilled visa holders are complying with their visa conditions (e.g., to work only for an approved employer). The Department will provide to the ATO biographical […]

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Taking Charge of Upcoming Employer Obligations

By Warren Kruger | July 15, 2025

As the end of the financial year has just past, the ATO is reminding employers that they should check what they need to do and take note of the following upcoming key dates. Pay as you go (‘PAYG’) withholding — From 1 July 2025, some withholding schedules and tax tables will be updated (but not […]

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Reminder of June 2025 Quarter Superannuation Guarantee (‘SG’)

By Warren Kruger | July 15, 2025

Employers are reminded that employee super contributions for the quarter ending 30 June 2025 must be received by the relevant super funds by Monday, 28 July 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 includes a penalty and […]

rules around time off in lieu instead of paid overtime

Flexible Workplaces

By Warren Kruger | April 14, 2011

Q: Some of my staff are happy to be paid overtime, but others prefer time off in lieu. What are the rules around this? A: Firstly, check the conditions of employment in the relevant award or enterprise agreement. If there is nothing in there in relation to how overtime is to be handled, you should go […]

What is Income For Tax Purposes

By Warren Kruger | July 22, 2015

You pay income tax on assessable income you receive, such as salary and wages, most Centrelink payments, investment income from rent, bank interest or dividends, business income; and capital gains from selling assets like shares or property. Employment income You must show all employment income, payments and benefits on your tax return, including salary and […]

Employee or contractor?

By Warren Kruger | August 26, 2015

Being an employee is different from being a contractor. If you’re a contractor, you’re self-employed and you’re running your own business. If you’re an employee, you’re working in another person’s business.   Whether you’re a contractor or an employee could change for each job you do.   Click here to see the ATO outline the […]

Seniors and Retirees: Tax Offsets

By Warren Kruger | October 14, 2015

Tax offsets – sometimes referred to as rebates – are not the same as tax deductions. Offsets directly reduce the amount of tax you must pay. Each dollar of tax offset reduces your tax payable by a dollar regardless of your taxable income.   Mature age workers, seniors and pensioners may be eligible for tax […]

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Builders Get Your Taxable Payments Report Ready Before August 28

By Warren Kruger | June 19, 2018

Businesses in the building and construction industry, take note —the deadline is August 28, 2018, to report the total payments you made to each contractor you enlisted the services of in 2017-18. You will need to report these payments to the ATO on the Taxable payments annual report. The taxable payments reporting system was initially […]

Changing Business Structures | Taxwise Australia | 08 6216 4309

Changing Business Structures

By Warren Kruger | February 24, 2020

| | | Are you outgrowing your current business structure or is your business growing at a rate you cannot keep up with? You may need to consider changing your business structure. Here are the four main business structures. Sole trader Partnership Company Trust Each structure has different reporting requirements. So, it’s imperative you understand […]

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