Blog / ATO

Changes to Australian Business Number’s (ABNs)

Changes to Australian Business Number’s (ABNs)

Over the last 12 months many Sole Trader ABNs have been cancelled without prior notice. Generally, this is because the ABN holder hasn’t included business income in their Individual Tax Return for a few years.

Employee or Contractor?

Employee or Contractor?

Business owners are often faced with the question; should I employ someone or contract the work out. We’d all like to think this is a choice businesses are free to make but think again as the ATO is looking to tighten the rules for businesses who engage “subcontractors”.

Upcoming tax and super changes from 1st July 2023

Upcoming tax and super changes from 1st July 2023

As seen in Woopi News May 2023 The end of the low and middle income tax offset. Starting back in the 2018/19 financial year and extended throughout the pandemic, the low and middle income tax offset reduced tax payable by between $255 - $1080 for individuals earning...

Be Aware of ATO Scams

Be Aware of ATO Scams

In the digital world that we now live in people need to be aware of the warning signs of phone, email and SMS scams.

ATO Focus on Rental Properties

ATO Focus on Rental Properties

The ATO has issued a release highlighting rental properties as one of its focus areas for the 2022 tax year. It’s an area that is easy to get wrong and extra care needs to be taken when including a rental property schedule in your tax return.

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