• REFORMS TO SELF-EDUCATION EXPENSES

    The government has announced a proposal to cap self-education expense deductions to $2,000 per person on all work related self-education expenses. This proposed reform is due to commence on 1 July 201..
    read more

  • REDUCTION IN HECS-HELP DISCOUNTS

    The government has announced changes to the discounts provided for upfront HECS payments and voluntary HELP repayments. From 1 January 2014 the 10% discount for upfront HECS payments will be abolished..
    read more

  • TAX REFUNDS AFTER JULY 1

    From 1 July 2013 all individual income tax returns which are electronically lodged will be required to provide EFT bank details for a refund to be processed. If you do not provide your personal bank d..
    read more

  • INCREASE IN ATO PENALTIES

    For the first time since 1997 the ATO has increased its penalty unit from $110 to $170. Generally one penalty unit is charged for each month a lodgement is late up to a maximum of 5 months...
    read more

  • SUPERANNUATION CHANGES FROM 1 JULY 2013

    There are a number of changes to the superannuation system which take effect from 1 July 2013 as follows: Compulsory superannuation guarantee payments increase from 9% to 9.25% of ordinary times e..
    read more

  • FUEL TAX CREDITS

    The fuel tax credits rates are changing from 1 July 2013 however the actual new rates have yet to be released by the ATO. The new rates for all fuel acquired from 1 July 2013 will be published clos..
    read more

  • GIC & SIC RATES

    The ATO has published general interest charge (GIC) and shortfall interest charge (SIC) rates for the fourth quarter of the 2012-13 income year. The GIC annual rate for April – June 2013 is 9.95%..
    read more

  • CREDIT & DEBIT CARD DATA MATCHING

    The ATO has obtained the 2011-2012 debit and credit card merchant sales data for Australian businesses from all major banks and credit card providers. The aim of this ATO data matching program is t..
    read more