Blog

ATO corrects over $53 million in mistakes in tax returns

5.8 million tax returns have been lodged in July and August of the 2018 tax season. The ATO analytic screening has automatically adjusted more than 112,000 tax returns with errors totally more than $53 million. The most common errors are leaving out income (bank interest or wages) or over-claiming deductions or trying to claim items…
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Employee or Contractor?

We often see employee's incorrectly classified as contractors by their employers. It is important to know the difference between an employee and a sub-contractor as this will affect employer’s obligations (and employee’s entitlements) such as workcover and Superannuation Contributions. As an employer you can be subject to large fines as well as back payments if…
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ATO launches data matching for short term rentals

The ATO are launching an extensive data-matching program to identify tax payers receiving income from short term rentals. If you rent out any property you need to include this income in your taxation return - this can include property you rent out through through sites such as airbnb or a room you rent out in…
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Accounting in the Cloud & Single Touch Payroll Free Seminar

Spinell Group Pty Ltd present: Accounting in the Cloud & Single Touch Payroll Free Seminar When: Tuesday 11th of September 2018 Where: Belmont Library (163 High Street Belmont) Time:12:15pm - 12:45 pm (Please arrive at 12:00pm for a 12:15pm start) RSVP: Friday 7th September 2018 on (03) 5229 1290 or reception@spinell.com.au or book your tickets…
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