Be Informed Edition 20

In this edition of Be Informed, we explain current ATO guidelines including, the changes to profit allocation for professional firms and the draft guidelines on ‘business’ and ‘private’ use of utes and vans.

We also discuss imminent legislative changes for Single Touch Payroll Reporting and the new measures for first home buyers to use their Super to buy their home.

Plus, we delve into the Research and Development Tax Incentive – asking are you eligible for a sizeable claim?

We hope you enjoy this edition of Be Informed.  As always, we appreciate your thoughts, if you have any feedback on this newsletter or our services, please let us know

ATO suspends profit allocation guidelines for professional firms

Business utes & vans: New ATO view on private use

Single Touch Payroll Reporting, Is your business ready?

New measures for first home buyers

Steering towards safe harbour