ATO crackdown on the sharing economy

Talk to your clients before the ATO goes after them The Australian Taxation Office (ATO) is  “concerned” by people making income from sites such as Uber, Airbnb and Airtasker. And are unaware they have to declare these amounts on their tax return. The warning comes after the ATO recently collated information from banks to find [...]

By | July 18th, 2016|Taxes|0 Comments

ATO factsheet released on the new withholding tax regime

A factsheet has been released by the Australian Tax Office (ATO) with more information on the new withholding tax regime. Under the new law, vendors selling a property for over $2 million will need to apply for a clearance certificate to avoid the purchaser withholding 10% tax from the purchase price. The objective of the [...]

By | June 27th, 2016|Taxes|0 Comments