News Archives

As 2018 starts to wind down for many of us, some businesses are about to enter their busiest time of year, which means managing your obligations regarding staff, payroll, and potentially engaging contractors to support sales during the festive season.

In this month's update, we explore what might happen if you fail to meet your tax obligations as new legislation is passed by Parliament; the importance of how you onboard any contract staff, and we also look at an extension of the ATO's data matching program. Finally, as the 2019 Federal Election cycle gets underway in the new year, a key topic of interest will be negative gearing. Our new factsheet outlines what the potential of a Labor government could mean for your investments.

Thank you for your support in 2018, we look forward to working with you in the new year. As always, if you have any queries, contact our team on 9957 4033.

	Taxpayers beware: No deductions if you don't meet your tax obligations New laws passed by parliament last month directly target the behaviour of taxpayers that don't meet their obligations.
	Contractor or employee? Defining workers in the gig economy A recent unfair dismissal case has shone a spotlight on how organisations engage their workforce, particularly independent contractors.
	Tax on shares: ATO extends data matching program Got shares? The Australian Tax Office can now match share trades under data provided by ASIC.
	Election 2018: Negative gearing restrictions under a possible Labor government As a Federal Election looms in May 2018, the Federal Opposition has announced its plans to introduce restrictions on negative gearing for investors, aiming to save more than $32 billion over a decade.

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Disclaimer

This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.