Couriers and Cleaners to Report Contractor Payments

Couriers and cleaners to report contractor payments The government will extend the taxable payments reporting system to contractors in the courier and cleaning industries, with effect from 1 July 2018. These changes were recommended in the Black Economy Taskforce that...

Travel deductions for rental properties removed

Travel deductions for rental properties removed After 1 July 2017, the deductions for travel to residential rental property will be disallowed. In particular, the travel cost of attending inspections, maintain the property or collecting rent will be excluded. It is...

Super guarantee not payable for salesperson

Super guarantee not payable for salesperson Section 12 of the Superannuation Guarantee Assessment Act 1992 (SGAA) deals with the question surrounding whether a worker is an employee or a contractor. Broadly speaking, the superannuation guarantee scheme will apply to...

Changes to intangibles depreciation

Changes to intangibles depreciation Recently, the federal government introduced new legislation where a taxpayer such as yourself can adjust the depreciation for your intangible or software assets. Currently, the intangibles must be written off of a certain number of...