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Uber drivers ARE NOT employees After the long run investigation by The Fair Work Ombudsman on Uber Australia Pty Ltd, a conclusion has been reached that drivers are not in an employment relationship with Uber. Drivers are not subject to formal working obligations that typical employees have as drivers have complete control over when, where and for how long they perform work. There are no particular requirements for drivers to perform work at particular times. ... See more
Cash in hand payments ARE NOT tax deductible As of 1 July 2019, cash in hand payments made by employers to workers is not tax deducible. This is because such payments do not comply with PAYG withholding provisions. Also, contractor payments where the contractor does not provide an ABN and the business does not withhold any tax will also not be tax deductible from 1 July. However, employers who accidentally mis-classify their employee as a contractor where the worker has an ABN will not lose their deduction. If you have any queries or concerns relating to this, do not hesitate to contact us on (03) 9558 7316 or at email@example.com to further discuss how to avoid such issues. ... See more
New Year - New Job ?....A Senior Business Services accountant great chance for exciting career growth and partnership opportunity
Tax seminar ...interesting as always
ATO’s CRYPTOCURRENCY INVESTIGATIONS The ATO are beginning to collect information and data from cryptocurrency designated service providers (DSPs) as a way of confirming that taxpayers are correctly declaring and reporting all amounts earned from cryptocurrency trading. The ATO intend to collect information from such DSPs to recognise individual or business taxpayers who have been involved in buying or selling cryptocurrencies during the financial years between 2014/15 to 2019/20 to ensure all earnings have been reported (the ATO estimates that there are between 500,000 to one million Australians that have invested in crypto-assets, including SMSF trustees). ... See more