December Newsletter Update


No tax deductions if you don’t meet your tax obligations New laws passed by parliament last month directly target the behaviour of taxpayers that don’t meet their obligations. Tax deductions denied if taxpayers do not meet their PAYG withholding tax obligations, from 1 July 2019...

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November Newsletter Update


Accelerated tax rate reduction for small business Small business is still a vote winner with the Government and Opposition teaming up to accelerate tax cuts for the sector by 5 years impacting on an estimated 3.3 million businesses. Parliament recently passed legislation to accelerate the...

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October Newsletter Update


Working from home: What deductions can you claim? For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit list’ are home office expenses. We guide...

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September Newsletter Update


190,000 taxpayers‘ examined’ in ATO online rental blitz The Australian Taxation Office (ATO) has announced a new data-matching program targeting taxpayers earning income from the exploding popularity of short-term rentals available on platforms like AirBNB and Stayz. Utilising information from online platform sharing sites matched...

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August Newsletter Update


Will Australians pay more for a good cause? In the same month that desperate farmers made headlines preparing to destroy starving flocks and pleading with the public to pay a few cents more for their dairy products, Dick Smith’s nationalistic brand announced its closure. The...

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July Newsletter Update


Company tax change in limbo An issue that many business owners and investors will need to grapple with is uncertainty on the tax rate that applies to companies for the year ended 30 June 2018 and the maximum franking rate on dividends paid during the...

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June Newsletter Update


One-off Super Guarantee Amnesty Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new amnesty announced late last month. The ATO estimates that $2.85 billion is currently owed in late or missing SG payments. Running...

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Casual Group Meeting

New Superannuation Rules


New superannuation rules allow better strategies when buying and selling your home. From July 1st this year first home buyers will be able to use their super to help save the required deposit – while recent changes to legislation will also allow sellers to contribute...

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About Maxum Consulting

Single Touch Payroll


Legislation has been passed through Parliament recently instituting a concept known as Single Touch Payroll. It will change the way you report your employees’ payroll information to the ATO, and starts from 1 July 2018 for employers with 20 or more employees. Employers need to...

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