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November - 2019 Practice Update covers the following point:
-  Super guarantee opt-out for high income earners now law
-  ATO recommends updating ABN details for natural disaster reasons
-  Reporting asset disposals for CGT
-  Government passes other superannuation legislation
-  Super Lookup 'status' will change if SMSF annual returns are late
-  Taxpayer liable for excess transfer balance tax despite commutations

October 2019 Practise Update covers following points:
-  $30,000 instant asset write-off
-  Federal Court provides clarification on the PSI rules
-  Deductions for a company or trust home-based business
-  ATO impersonation scam update
-  Using the cents per kilometre method
-  Measuring the integrity of the ABR

September 2019 Practice Update covers following points:
- "Outrageous" deductions rejected
- ATO guidance regarding incorrect ENCC determinations
- ATO watching for foreign income this Tax Time
- The ATO hits the road
- Motor vehicle registries data matching program protocol

August 2019 Practice Update covers following points:
- Tax cuts become law
-  ATO "puts the brakes" on dodgy car claims
-  Private health insurance statements now optional
-  ATO rates and thresholds
-  ATO Data Matching Program: HELP, VSL and/or TSL debts

July 2019 Practice Update covers the following points:
- 'Cash in hand' payments to workers no longer tax deductible.
- Uber drivers not employees.
- Making a Division 293 election.
- ATO targeting false laundry claims.
- Lifestyle assets data matching program.
- Tax time tips for small business.
- Fixing incorrectly issued excess NCCs determinations.
- Car parking threshold for 2020 FBT year.
- Trustee obligations on the ATO's radar: TFN reports.

A good strategy to reduce tax payable is normally to accelerate any income tax deductions into the current income year, which will reduce overall taxable income in the current year.

Please review our checklist so you know what documents you will need for completing your 2018/19 tax return. 

June 2019 Practice Update covers following points:
- Single Touch Payroll Update
- Employees and payment summaries
- Cryptocurrency data matching program
- Tax office to double audits of 'dodgy' rental deductions
- Paying super to backpackers
- New rules for immediate write-offs

- Changes to the small business instant asset write-off.
- Tax scammer alert.
- Non-complaint payments to workers.
- What’s new for Australian business.

-Division 293 assessments.
-Claims for home office expenses increased.
-MYEFO report.
-Taxation of income for an individual’s fame or image.

Click here for January/February – 2019 Practice Update