ato

  1. Jack Malarkey

    ATO: Work out what business expenses you can claim

    From the Australian Taxation Office’s Small Business Newsroom: Work out what business expenses you can claim 21 May 2019 You should apply these three golden rules when claiming business expenses to help get it right: The expense must have been for your business – not for private use. If the...
  2. Jack Malarkey

    ATO: Wondering what an input tax credit is?

    From the Australian Taxation Office’s Small Business Newsroom: Wondering what an input tax credit is? 3 May 2019 An input tax credit is also known as a GST credit. It's a credit you can claim for the amount of GST included in the price of goods or services (the inputs) you buy for use in...
  3. Jack Malarkey

    ATO: $30,000 instant asset write-off

    From the Australian Taxation Office’s Small Business Newsroom: $30,000 instant asset write-off 21 May 2019 Thinking of purchasing assets for your business? The instant asset write-off threshold has been increased to $30,000 and extended to 30 June 2020. If you purchase an asset (new or...
  4. Jack Malarkey

    ATO: ABN bulk cancellations

    From the Australian Taxation Office’s Small Business Newsroom: ABN bulk cancellations 2 May 2019 We will be conducting reviews on existing ABNs, which includes cancelling inactive ones. This helps to make sure the information on the Australian Business Register is correct and up to date. Your...
  5. Jack Malarkey

    ATO: Lodge online and get more time

    From the Australian Taxation Office’s Small Business Newsroom: Lodge online and get more time 2 May 2019 Most small businesses are eligible for an extra two weeks to lodge and pay their activity statement by lodging online. Depending on your business type, you have options for lodging...
  6. Jack Malarkey

    Private ruling request from ATO re GST treatment of Uber appreciation awards (bonuses)

    I have just made an application to the Australian Taxation Office for a private ruling on whether or not Uber’s appreciation awards (bonuses) are subject to GST. I will report back here when I receive a reply.
  7. Jack Malarkey

    ATO: Is your business healthy?

    From the Australian Taxation Office’s Small Business Newsroom: Is your business healthy? 28 February 2019 Have you done a health check on your business lately? Just like your annual check-up at the doctor, you should check the health of your business on a yearly basis to identify any issues...
  8. Jack Malarkey

    ATO: Helping small businesses in dispute

    From the Australian Taxation Office’s Small Business Newsroom: Helping small businesses in dispute 22 February 2019 We recognise that some taxpayers involved in an objection or dispute process may be at a disadvantage. Significant or exceptional personal circumstances and the inability to...
  9. Beepbeep41

    Uber Driver Tax Cheats

    https://www.theguardian.com/australia-news/2019/jan/23/uber-drivers-and-airbnb-hosts-who-avoid-tax-in-governments-sights What a pathetic joke our government is! Whip those underpaid workers to death!! We all know Uber drivers pay their GST requirements. When it comes to income TAX Ubers...
  10. Jack Malarkey

    Treasury consultation paper on implementing a reporting regime for sharing economy providers

    From the Australian Treasury’s website: Implementing a reporting regime for sharing economy platform providers ... 23 January 2019 - 22 February [email protected] Consultation Paper Key documents Consultation Paper - PDF 759KB Consultation Paper - DOCX 324KB In the...
  11. mickyt

    ATO -calculate GST

    Hi All, Newbie here (found this forum yesterday) and new to Uber (only been driving 3 months) . I am about to submit my first simpler BAS for Oct- Dec and I'm a bit confused. Have spoken to Uber and ATO and read some stuff and still unclear and my accountant is away till the end of the month...
  12. Jack Malarkey

    ATO: Can’t lodge on time?

    From the Australian Taxation Office’s Small Business Newsroom: Can't lodge on time? 21 November 2018 Running a business has many competing priorities and we understand you get busy and getting your tax work done is just another thing you need to get around to. This is one of the reasons why...
  13. Jack Malarkey

    ATO: Confused by motor vehicle expenses?

    From the Australian Taxation Office’s Small Business Newsroom: Confused by motor vehicle expenses? 20 November 2018 Working out motor vehicle expenses for your business can be tricky. We've created a fact sheet to help you get your motor vehicle expenses right. Our Small business motor...
  14. Jack Malarkey

    ATO: Driving passengers for a fare?

    From the Australian Taxation Office’s Small Business Newsroom: Driving passengers for a fare? 20 November 2018 If you're going to provide ride-sourcing services, it's important to know your tax obligations before you start. Ride-sourcing is treated the same as taxi travel for GST...
  15. W

    ATO vs Rest of the Government Departments

    ATO wants our income as Taxi But none of the other Government Departments want to provide the same benefits as Taxis, why? If we are paying Tax as Taxi then we should get all the same benefits as Taxi, Comments?? We get fines if we stop in no stopping areas Taxis can stop on the main road and...
  16. D

    Fading Receipts

    I am finding some of my older receipts from petrol stations have become faded. How long are we meant to keep them? Are we allowed to use digital copies of them. If so can someone recommend a good app for taking, compressing and cataloging them. As taking a photo creates unnecessary large...
  17. Beepbeep41

    Uber & Splend take Tax/GST instead of ATO

    Whens the government/ATO gonna wake up? Ubers %27.5 cut is the ATO’s cut, Uber simply takes it instead. Renting car from Splend collects all GST instead of ATO... Uber and Splend are simply just taking all the ATO’s money!! The ATO would be much better off lowering Ubers cut to %15 so they...
  18. Jack Malarkey

    ATO: Lodging a tax return for your business

    From the Australian Taxation Office’s Small Business Newsroom: Lodging a tax return for your business 29 August 2018 You have a choice in how to lodge your tax return. You can lodge: through a registered tax agent - contact them by 31 October if you haven't lodged with them before online...
  19. Jack Malarkey

    ATO: car expense rate now 68 cents per kilometre from 2018-19 income year (up from 66 cents)

    From the Australian Taxation Office’s Small Business Newsroom: New rate for car expenses 31 August 2018 The rate for work-related car expenses has increased for the income year starting 1 July 2018. It is now 68 cents per kilometre. This applies if you have chosen to use the cents per...
  20. Jack Malarkey

    ATO: have your say by 31 August 2018 on ABN changes including possible renewal fee

    From the Australian Taxation Office’s Small Business Newsroom: Have your say on ABN reform 31 July 2018 The Australian Business Number (ABN) is a key business identifier used by business, government and the community. However, the Black Economy Taskforce found that the ABN system is also...
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