SCAM ALERT

From the Community Grants Hub: Possible scam alert The Department of Social Services (DSS) has recently received reports that members of the public have been contacted via phone by an individual or individuals offering a $7,600 government grant. Some members of the public have reported the caller claims to be calling from the ‘Australian Grants…

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‘Cash in hand’ payments

Excerpt from Public Accountant: This new measure will take effect for payments made to workers from 1 July 2019 for income tax returns lodged for the 2020 income year onwards and is part of the government’s response to recommendations from the Black Economy Taskforce, the Australian Taxation Office (ATO) said. ‘Cash in hand’ refers to…

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Warning!Check Deductions

Excerpt from Accountants Daily: Apart from work-related expenses, the Tax Office will also take a tougher stance around over-claiming of rental deductions and the non-declaration of rental income. “Another big thing we would say, and it is important particularly this year, because we are getting more and more information in our data collection, and that…

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