News And Events

Focus Professional Group

Cash and hidden economy

A recent interview with Tax Commissioner Chris Jordan revealed the ATO will be targeting businesses that deal in cash. As a part of its cash and hidden economy operation, the ATO has compiled “data-maps” of cash-only businesses and those that do not frequently or...

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How the ATO uses data matching

The ATO receives data from a range of sources, including banks, financial institutions and other government agencies. They validate this data and match it against their own information to identify where people and businesses may not be reporting all their income. When...

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2018-19 Federal Budget

PERSONAL TAXATION Personal tax offsets The Government announced a tax relief for low and middle income earners. The non-refundable low and middle income tax offset from 2018–2019 to 2021–2022, is designed to provide tax relief of up to $530 for each of those years....

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Super Guaranteed

Are you paying the right amount of super for your employees? This can be a complex exercise, with the threshold changes in the recent years and the contribution base which changes every year according to indexation factors. As an employer you are required to make...

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