In this edition, we look at Tax Time and if you are in the ATO’s sights. We discuss Payroll live reporting through Single Touch Payroll, work related deductions, record keeping and working from home.
Other tax topics discussed are :Cryptocurrency, Rental property deductions for shared properties and earning money from the sharing economy (AirBNB, etc).
We also discuss tax issues related to your Superannuation, your Business and your Trusts.
There is included an article on how to prepare for a Tax Office visit.
We hope you find this edition of Your Knowledge informative, and invite you to contact your CMS Advisor to discuss any of the content and how it may have an impact on you.