Up2Date Business Services

24/01/2018

Businesses: Improve your cash flow using the deferred GST scheme!

Rather than paying GST on imported goods up front to the Department of Home Affairs - Immigration and Citizenship Services, the scheme allows you to defer payments until your next BAS lodgment.

Check to see if you’re eligible at ato.gov.au/deferredGSTscheme

07/12/2017

Attention ride-sourcing drivers! Are you meeting your GST obligations?

Work out if you need to:
🚗 Get an ABN
🚗 Register for GST
🚗 Pay GST on the full fare
🚗 Lodge business activity statements

See what you need to do at ato.gov.au/ridesourcing

21/11/2017

12/09/2017

11/09/2017

Uber drivers... take note...

25/08/2017

THE Australian Taxation Office is setting its sights on dodgy work-related car expenses this tax time, warning that there will be no “free pass” this year.

17/08/2017

Rental property owners: We understand that your tax return can be complex, and want to help you get it right!

Our rental properties guide has the latest explanations, examples and tips to help you determine which rental income is assessable for tax purposes, which expenses you can claim as deductions, and more.

To view the guide, visit https://ato.gov.au/rentalpropertyguide

11/10/2016

If you work from home, you may be able to claim a percentage of the running expenses for your home office.

This could include things like:
• office equipment
• heating and cooling
• lighting your home office
• work-related phone calls and internet access charges.

Keen to find out more and see if you’re eligible to claim? Head to https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/home-office-expenses/

20/09/2016

Employers: Tax tables have been updated and should be used from 1 October 2016.

Don’t forget to update your payroll software or download a copy of the new tables before paying your employees.

Find more information at https://www.ato.gov.au/Rates/Tax-tables/?201609facebook

18/08/2016

Constantly losing your wallet or keys? What about $11.7 billion? That’s how much lost superannuation Australians have misplaced, and it’s waiting to be claimed!
Find out how much lost super has been recorded for your postcode and check to see if any of it is yours. Go to https://www.ato.gov.au/about-ato/research-and-statistics/in-detail/super-statistics/super-accounts-data/lost-super-data-by-postcode/?utm_source=social%20media&utm_medium=facebook&utm_campaign=lostsuper

26/07/2016

Rental property owners: Claiming repairs this tax time?

Remember, if you renovated your property or repaired issues that existed at the time of purchase, you’re unable to claim these costs as an immediate deduction.

For helpful information about the rental expenses you can claim this tax time, visit https://ato.gov.au/rental

26/07/2016

Married or de facto? You may need to include details about your spouse’s income on your tax return to help us work out if you’re entitled to certain offsets or government payments.

If you’re not sure how much your spouse earned, or if you split part way through the year, you only need to provide us with your best estimate about their income for the time you were together.

Learn more at https://ato.gov.au/spousedetails