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Tax Tips


Tax Issues: Expenses: Car, Laundry, Rental

As we are well into the tax season, this year we thought it best to remind people that they need to lodge their returns by the middle of May 2020.


Tax Issues: Low and Middle Income Tax Offset

As part of the Morrison re-election promise and originally introduced in the 19/20 Budget, millions of Australians may be entitled to a new offset that is effectively equivalent to a tax rebate of up to $1080.


Year end tax planning

As the end of the financial year fast approaches, it makes good business sense to turn your attention to ways of minimising your tax legally.


Tax Tips

Single Touch Payroll: From 1 July 2019, employers who employ less than 20 people will be required to change the way they report wages and superannuation to the ATO.


Starting out in art

As the start of the year has well and truly commenced and the long hot summer holidays are slowly drawing to a close, it is time to consider how recently  graduated  students from the arts schools might launch themselves in to their career.


Tax Tips: Single Touch Payroll (STP)

From 1 July 2019, employers employing 20 employees or less will have to submit their payroll information directly to the ATO via their payroll software system.


Tax Tips Procurement: Black economy measures

From 1 July 2019, businesses seeking to tender for Commonwealth Government procurement contracts over $4 million (inclusive of GST) will be required to provide a statement from the ATO that indicates that they are compliant with their tax obligations.


Tax Tips: ATO cracks down yet again on work-related expenses

In a report dated July 2018, the Australian Tax Office (ATO) indicated that there has been a large increase in the claims being made by individuals for work-related expenses.


TAX TIPS: Motor Vehicle Claims

Motor Vehicle Claims to be scrutinized by the ATO. The ATO has announced that it will be closely examining claims for work-related car expenses this tax time as part of a broader focus on work-related expenses.


Tax tips

Just a friendly reminder that for those clients who wish to lodge their 2017 tax returns without incurring any nasty penalties and fines, you have up until May 15 this year to do so. Please arrange to send your paperwork in  to Lowensteins or, alternatively, make a time to see one of  our accountants  to get this tax return all sorted before the due date of 15 May 2018.


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