News & Articles
Four reasons to check donations this tax time
The Australian Taxation Office (ATO) is urging taxpayers to make sure they have a record of any donation they are claiming at tax time. Last year nearly two thirds of the...
Another Sth Aust Grant – are you eligible?
HOSPITALITY – ARTS – TRANSPORT – TOURISM – SERVICES & EDUCATION – NON ESSENTIAL RETAIL – HEALTH CARE If your eligible sector business (full list available here) has been...
Income support payments for Individuals affected by COVID restrictions
The Morrison Government has activated income support payments of up to $600 a week for South Australians affected by COVID restrictions. Individuals will be eligible for the...
Support for South Australian Businesses
Lockdowns are tough for my clients, associates and in particular people in small businesses. However, I am pleased that support packages have been made available to business. To...
Tax time 2021: Lodge early at your peril
If you’re planning to lodge your tax return as soon as possible after 30th June, it may pay to hold off a while. For a start, employers have until 14th July 2021 to finalise...
ATO warns on ‘copy/paste’ claims
In 2021, the Australian Taxation Office (ATO) will recommence their focus on addressing the overclaiming of work-related expenses like car and travel claims that are predicted to...
Claiming Motor Vehicle expenses using the cents per kilometre method
I frequently have clients who are entitled to claim legitimately up to 5,000 kms of work related travel say “Yeah, I did at least 5,000kms this year, so just claim that”. The...
The ATO are receiving increasing reports of people losing money to automated phone scams
The new scam involves a robo-call impersonating the ATO with a pre-recorded message informing a target that their TFN has been suspended following suspected fraudulent activity....
The ATO has updated payment plans to benefit you
The ATO has updated it's payment plan service to provide more tailored payment plans to better suit taxpayers' circumstances. The change ensures the right balance in offering a...
JobKeeper key dates
Key dates and actions for entities 4 January 2021 – the JobKeeper extension 2 starts and the payment rates change for your eligible employees, eligible religious...
New round of $10k cash grants for SA businesses
The South Australian government has announced a new round of grants as part of its $4 billion in economic stimulus to help protect thousands of local jobs. This includes $3,000...
ATO further extends use of simplified WFH deduction method
The Australian Taxation Office has further extended its temporary arrangements allowing workers to use a simplified method of calculating deduction for working from home....
6 tips to cut down on business expenses
A new Business Australia poll of businesses with 200 staff or fewer has revealed that 60 per cent of businesses have suffered a drop in revenue during the pandemic, while...
Smartest ways to use your tax refund
New data from the Australian Taxation Office shows more than 4.1 million refunds have been issued so far, averaging $2484 each. The average refund delivered in 2019 was $2464....
Top tax time myths for 2020:
Bank details don’t update themselves: While the ATO receives information from banks, this doesn’t extend to updating details for the bank account you nominate to have your refund...
Business Specialist, Accountant & Registered Tax Agent
2022 Tax Checklist for personal tax returns...
Download the 2021 Tax Checklist for personal tax returns in preparation of your tax appointment. Click here to download.
Australian Tax Office Website
http://www.ato.gov.au/
Claim Medicare Levy Exemption
Some taxpayers on temporary visas are not eligible for Medicare and therefore can claim Medicare Levy Exemption using this form
Landlords Capital Allowances
Landlords – are you claiming the maximum Capital Allowances?
Contact iTax Accounting today
I am a proud member of the Institute of Practicing Accountants, Registered Taxation Agents and highly experienced specialist in tax, accounting and business.
Please call 8322 1900 or contact me for an initial discussion or appointment at my office in Hallett Cove. I primarily service (but no way confined to) the southern areas of Adelaide.
Late? Overdue? Unpaid? ATO Penalties? There is no need to stress! We can deal with any late tax returns or BAS. If penalties or interest have been incurred, these may be able to be reduced or completely cancelled. With tax debts, assistance is available to arrange payment arrangements as well as explain your rights and obligations. Got ATO issues…call now!
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