Crack Down on Employee and Contractor Cash Payments

How to set a price

Do you still make cash payments to employees or contractors? The ATO have recently reported that any “cash in hand” payments made to employees from 1 July 2019, will be no longer deductible. The ATO have also made contractor payments, where the contractor does not supply an ABN and/or the employer does not withhold the […]

ATO ATTENTION – Negatively Geared Rental Properties

negative geared rental

Time to review negatively geared rental claims. The ATO have recently announced they will double the number of audits in relation to rental property deductions. Specifically, the ATO will focus on over-claimed interest, capital works claimed as repairs, apportionment of expenses for holiday homes and accommodation sharing. It’s noteworthy; they have stated they will be […]