J N Hartcher  f.i.p.a
Accounting & Taxation Services



  Taxable Payments Annual Report  

The Taxable Payments Reporting System has now been extended to include Road Freight, Security, Investigation, Surveillance and IT services in addition to the previously included Building & Construction, Cleaning and Courier industries. Those who provide services in these industries and make payments to Sub Contractors are required to lodge an Annual Taxable Payments Report by 28th August each year.Lodgment Options

FOOTY COMP




S E R V I C E S

  • Income Tax Returns

  • Accounting

  • Small Business Consulting

  • Windows Desktop Accounting Software more

 Phone:0249 873682

email:john@jnhartcher.com



Tax



JH
John's Profile

S I N G L E     T O U C H     P A Y R O L L
Single Touch Payroll began on 1st July for Employers with 19 or less employees. Deferrals may be available. Options

To view a list of low cost or free Payroll packages select this link. Packages

T A X  2 0 1 9  
WORK RELATED DEDUCTIONS
The ATO has signalled that it will be targeting Work Related Deductions claimed in 2018-19 Income Tax Returns. Particular attention will be applied to those claiming work related Motor Vehicle Expenses. Refer to the above link to view record keeping requirements and deduction entitlements.more


PAYMENT SUMMARIES/INCOME STATEMENTS
You may not receive a payment summary from your employer if they are reporting through Single Touch Payroll (STP). If you are using a Registered Tax Agent, they will have access to these as was the case in the past. Alternatively, you can link your myGov account to the ATO and obtain an Income Statement/Payment Summary. more


INSTANT ASSET WRITE-OFF
New or Second hand Plant and Equipment purchased prior to June 30th will qualify for the Small Business Instant Asset Write-Off. Acquisitions must be below the threshhold at the time of purchase which is $30,000 from 2nd April.more


RESIDENTIAL RENTAL PROPERTY TRAVEL
Travel to inspect, maintain or collect rents for residential rental properties is no longer deductible.more


OTHER TAX TIME CONSIDERATIONS
  • Superannuation
  • Rental Property
  • Depreciation
  • Travel and Meal Allowances
  • Record keeping for Home Office and other minor expenses
  • Motor Vehicle Record keeping
  • HELP, HECS & other Loan Schemes
  • more


    SEE: SINGLE TOUCH PAYROLL TAX 2019