As business owners and entrepreneurs, we are presented daily with the task of coming up with creative and new ideas to keep our businesses thriving and our teams motivated. However, we all know how very challenging it can be to stay inspired and motivated day in and day out in the business world. We all…
Read More

The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. Have our laundry expenses been hung out to dry? “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims adding up to nearly $1.8 billion. While many of these claims…
Read More

Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019 – almost double the number of the previous year. The ATO thinks the number of tip-offs will reach around 70,000 for the full financial year. Read on for 60,000 Tax Cheat Tip-offs!…
Read More

The ATO has provided a concession from single touch payroll for payments by small employers to closely held payees. The single touch payroll exemption for directors and family members is outlined as follows. Single touch payroll (STP) was extended to cover all employers on 1 July 2019. For directors of their own company or for…
Read More

From 1 July 2019, new laws prevent superannuation funds from eroding member balances with unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances will be moved to the ATO to try and unite the unclaimed super with its owner. These changes do not apply to self-managed superannuation funds or small APRA…
Read More

Follow Us

2020 © DGL Accountants Mackay | Website by Camotion