PENALTY RATES AND THE IMPACT OF CHANGE

PENALTY RATES AND THE IMPACT OF CHANGE

By WSCAdmin | Created on February 2, 2020

The Fair Work Commission (FWC) has moved to cut Sunday and public holiday penalty rates.

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RIDE-SOURCING IS 'TAXI TRAVEL'

RIDE-SOURCING IS 'TAXI TRAVEL'

By WSCAdmin | Created on February 2, 2020

In a recent case, the Federal Court has agreed with the ATO that 'ride-sourcing' (such as that provided using Uber) is 'taxi travel' within the meaning of the GST law.

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NO OVERTIME MEAL ALLOWANCE, NO OVERTIME MEAL DEDUCTION

NO OVERTIME MEAL ALLOWANCE, NO OVERTIME MEAL DEDUCTION

By WSCAdmin | Created on February 2, 2020

An employee construction project manager/supervisor was denied deductions for overtime meal expenses, as he was not paid an overtime meal allowance under an industrial agreement (award).

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Pride & Prejudice: Top Four Predictions for 2017

Pride & Prejudice: Top Four Predictions for 2017

By WSCAdmin | Created on February 2, 2020

The global economy is picking up and Australia is about to secure the global record for the longest period a country has gone without a recession. But with the focus on the political environment, there is an uneasiness in the market and with uneasiness comes a reticence to take risks.

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Personal income tax cuts are law!

Personal income tax cuts are law!

By WSCAdmin | Created on February 2, 2020

Editor: The government has finally legislated the tax cuts originally announced in the May 2016 Budget, so that the marginal tax rate of 37% now starts at $87,000. The following are the rates for adult residents for the 2016/17 income year (i.e., from 1 July 2016).

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Superannuation changes passed by Parliament

Superannuation changes passed by Parliament

By WSCAdmin | Created on February 2, 2020

"The superannuation reform package better targets tax concessions to make our superannuation system fair and sustainable, as the population ages and fiscal pressures increase.

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Parental leave. Where are we up to?

Parental leave. Where are we up to?

By WSCAdmin | Created on February 2, 2020

How did paid parental leave get to be so contentious? The current debate is not about parental leave in general; the entitlement to 12 months with a potential for 24 months of unpaid leave with your job guaranteed (or an equivalent position) remains. It’s about who pays for paid leave.

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Record keeping is always key to taking on the ATO

Record keeping is always key to taking on the ATO

By WSCAdmin | Created on February 2, 2020

In a recent case before the Administrative Appeals Tribunal (AAT), amended assessments issued to a taxpayer by the ATO, which were based on the amounts of unexplained deposits to the taxpayer's bank accounts (in some years, in the hundreds of thousands of dollars, in others, millions), have been largely upheld.

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Pre-retirees: Avoid 'too good to be true' tax schemes

Pre-retirees: Avoid 'too good to be true' tax schemes

By WSCAdmin | Created on February 2, 2020

The ATO has launched a new project called 'Super Scheme Smart', an initiative aimed at educating individuals about the potential pitfalls of 'retirement planning schemes', to keep them safe from risking their retirement nest egg.

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Phoenix Taskforce swoops on dodgy businesses

Phoenix Taskforce swoops on dodgy businesses

By WSCAdmin | Created on February 2, 2020

The ATO’s stance against phoenix activity has continued with multiple search warrants issued, and many business and residential sites accessed without notice across Victoria and Queensland, as part of a criminal investigation into unpaid superannuation, employee withholding, GST, and income tax.

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