Thomson Hall in Campbelltown, New South Wales | Financial service
Thomson Hall
Locality: Campbelltown, New South Wales
Phone: +61 2 4625 5430
Address: 4 Chamberlain Street 2560 Campbelltown, NSW, Australia
Website: http://www.thomsonhall.com.au
Likes: 86
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11.01.2022 The tax office has restated its examination of people who claim more than they are entitled to around a car travel deductions as part of a broader compliance crackdown. The ATO noted that over 3.75 million people made a work-related car expense claim in 2016-17, totalling around $8.8 billion, of which around 870,000 claimed the maximum amount under the cents-per-kilometre method. [ 353 more words ] https://thomsonhall.com.au//ato-renews-focus-on-car-deduc/
07.01.2022 Revenue NSW (Formerly known as the Office of State Revenue) considers Family Trusts to be subject to the Foreign Persons Surcharge on stamp duty and Land Tax for any New South Wales residential property owned through the Trust, including Trusts that are based outside of NSW. Revenue NSW has confirmed that they automatically apply the 2% foreign person land tax surcharge on properties where the title indicates that it is owned through a Family Trust. [ 135 more words ] https://thomsonhall.com.au//nsw-land-tax-assessment-inclu/
07.01.2022 Fines of up to A$63,000 per breach of getting it wrong In Australia, 23 per cent of employers say they now regularly engage contract or temporary staff with another 44 per cent employing them for special projects according to the 2017 Hays Salary Guide. The Australian Bureau of Statistics estimates there are one million independent contractors currently working in Australia, representing about 9 per cent of the workforce an increase of 2 per cent in six years. [ 518 more words ] https://thomsonhall.com.au//when-is-a-contractor-really-a/
05.01.2022 Measures to strengthen compliance with the GST law in the property development sector have been introduced into parliament this week. The Treasury Laws Amendment (2018 Measures No 1) Bill 2018 will amend several tax laws to require purchasers of new residential premises and new subdivisions of potential residential land to make a GST payment directly to the ATO as part of settlement from 1 July 2018. [ 181 more words ] https://thomsonhall.com.au//proposed-changes-to-gst-on-pr/
01.01.2022 As part of the 9th of May 2017 federal budget, the Australian Government proposed amendments to legislation relating to plant and equipment (division 40) deductions. The proposed changes, outlined in Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 , have now been legislated after being passed by the Senate on the 15th of November 2017. This has resulted in a change to the Income Tax Assessment Act 1997 and denies property investors from claiming income tax deductions for the decline in value of ‘previously used’ depreciating assets (plant and equipment) within residential investment properties. [ 80 more words ] https://thomsonhall.com.au//property-depreciation-tax-cha/
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