Stacks of new information in this months Knowledge Shop Newsletter! Below are just a few of the topics that are touched on in the newsletter. Feel free to contact our office if you have any queries.
ATO Rental Blitz - The Australian Taxation Office (ATO) has announced a new data-matching program targeting taxpayers earning income from the exploding popularity of short-term rentals available on platforms like AirBNB and Stayz.
Last Minute Changes to Company Tax and Franking Rate Passed by Parliament - Legislation passed by Parliament late last month introduces a new test that will restrict some companies from accessing the lower company tax rate from the 2017-18 financial year.
Have a HELP Debt? The impending changes to speed up your repayments - The Government has moved to put an end to ‘eternal students’ who constantly study and never earn an income and speed up the payment cycle for those with outstanding debt.
New Domestic Violence Leave Entitlements come into Force - A Fair Work Commission decision created a new entitlement for most Australian employees; unpaid family and domestic violence leave.
Other – Tax ‘Safe Harbour’ for Inherited Property & ATO takes its share of Car Sharing
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