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February 2019 Archives - Tax with Integrity

Monthly Archive for: ‘February, 2019’

Strategies to handle scam phone calls and problem e-mails.

Scammers 2019

            Many people have received telephone calls, recorded messages and e-mails from scammers claiming to be from organisations such as the ATO, Australia Post and Telstra saying money is owed, asking for personal information or access to their computer. One recorded message supposedly from the ATO informs you ‘you have committed tax fraud and a …

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Instant asset write-off threshold upped to $25k

25k Writeoff Small Business

The government has increased the threshold for the instant asset write-off to $25,000 as it looks to entice the small business sector ahead of a federal election.

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Jail time for GST fraud

Gst Fraud Jail Gaol Time

Warning:  Very recent cases where GST fraud have landed business people in jail.

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Correcting GST Errors

Correcting Gst Errors

            If a taxpayer finds a mistake made on a previous activity statement, they can:- Correct the error on a later activity statement if the mistake fits the definition of a “GST error” and certain conditions are met;   Lodge an amendment – the time limit for amending GST credits is four years, starting from …

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Fuel tax credit rates raised

Fuel Tax

The ATO have raised the fuel tax credit rates following an update of the December quarter consumer price index.

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ATO set to contact clients for overdue TPAR

Tpar Tax Ato Crackdown

The Tax Office will begin contacting clients in the building and construction industry about their overdue taxable payments annual reports.

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Reminder on Victoria Property Duties

Victorian Land Values

          Property transfers between spouses and de facto partners in Victoria involving commercial and/or investment properties will incur stamp duty costs at 5.5%.   This means that assets that do not constitute a principal place of residence are no longer exempt from transfer stamp duty.   A spouse to spouse transfer of the principal place of residence …

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How Australia is performing.

Australian Stats Feb 2019

            An up-to-date snapshot of Australia's vital statistics.   Please click on the following link to see all this interesting information. The areas covered are: Overview Markets GDP Labour Prices Money Trade Government Business Consumer Housing Taxes Climate   Access all this data here.   tradingeconomics.com

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Tax with Integrity

Tax with Integrity