<h3>Tax write off for purchase of motor vehicles</h3> The Government will allow small businesses to claim up to $5,000 as an immediate deduction for motor vehicles, with effect for vehicles acquired from the 2012-13 income year. This is an additional break on top of the new depreciation rules that are proposed to start in 2012-13. … Read more

(re-posted from May 2011) The tax changes can be found on the government’s budget website at the following two links: 1. “Revenue measures” (i.e. tax increases) 2. “Expense measures” (i.e. tax-related spending programmes) We have picked out a few of the changes I think will most effect people on separate pages. Self Managed Super Funds … Read more

Standard fees Electronic service from $165 (incl GST) Employees from $165 Includes 2 x PAYG Payment Summaries, Centrelink payment summaries, 4 x Interest / Dividends, Standard Work Deductions, Other Deductions (donations, cost of tax affairs, income protection) Self funded retirees from $165 Includes 2 x Superannuation Payment Summaries, Centrelink payment summaries, 4 x Interest / … Read more

Preface Welcome to the latest edition of Taxation statistics, the ATO’s most comprehensive statistical publication. The publication is a thorough and detailed collection of data compiled from information provided to the ATO via tax returns for the 2008-09 income year and other information such as GST annual returns and business activity statements reported for the … Read more