Default assessments for overdue tax returns

Tax dodgers to get the Underbelly treatment The ATO has sent a warning to tax agents about clients with overdue tax returns: hurry up and lodge, or we’ll lodge for you! They are threatening to use a tactic you might have seen if you watched series one of Underbelly. (More on that below). The ATO … Read more

Budget update 2012-13

The special 2012-13 budget edition of our monthly newsletter is available now for download for clients and website subscribers of Beyond Accountancy. To get your copy of the budget update please subscribe to our newsletter using the form on this website. Headlines: Super contributions limit cut for people over 50 Education tax refund payment to … Read more

ATO not laughing at LAFHA

The government is pushing for major changes to the Living Away From Home Allowance (LAFHA) which will wipe out many of the tax benefits for temporary residents from 1 July 2012. Tip: if you want skip the background information and go straight to the new rules, scroll down to the fourth heading. What is Living … Read more

ATO not laughing at LAFHA

The government is pushing for major changes to the Living Away From Home Allowance (LAFHA) which will wipe out many of the tax benefits for temporary residents from 1 July 2012. Tip: if you want skip the background information and go straight to the new rules, scroll down to the fourth heading. What is Living … Read more

Four cures for BAS stress

As the deadine approaches for the latest quarterly business activity statement (BAS) there will be many business owners starting to stress. The quarterly chore of lodging a BAS holds as much anticipation as an appointment with the dentist. Where are those receipts I was keeping? Can I claim GST on that? How much am I … Read more