New Rules For Claiming Car Expenses
Are you a sole trader or an individual in a partnership? Do you claim a deduction for business-related car expenses when you do your tax return? There have been changes to how you calculate your deduction. Read about the changes and the records you need to keep now to maximise your claim.
Farmers Slam Backpacker Tax
The National Farmers Federation (NFF) has issued a media release urging the Federal Government to reconsider implementing its ‘Backpacker Tax’ following an online petition which has already been signed by more than 10,500 opposed to the tax.
Surviving the ATO crackdown
Business owners would do well to ensure they do the right thing over the next three months to avoid being caught out by the ATO.
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