As a result of the introduction to Single Touch Payroll (STP), how taxpayers receive their payment summary or income statement from their employer depends on whether their employer is registered. This change may see many taxpayers needing to setup a myGov account and link it to the Australian Taxation Office (ATO)
Several tax changes apply in the 2018/19 income year. A brief summary is provided in this article. There may be some advantages in acting on some of these items before 30 June 2019. If you think any of these changes may affect you, please contact us for more details
The community and tax agents alike have been shouting it from their rooftops and the Australian Taxation Office has heard. Taxpayers may be granted penalty relief during an audit if they can prove there wasn’t dishonest intent behind their error
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