Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
September update of latest COVID-19 initiatives.
ATO JobKeeper 2.0 guidance surfaces
Expats Return to Australia – Travel Expenses
Profession to be relied on for post-JobKeeper turnover certificates
Update of Superannuation contribution rules from July 1, 2020
Expats & COVID-19 Impacts on tax residency
Economic recovery could be slower than anticipated: RBA
High Court rules in favour of employers on personal leave accruals
JobKeeper Phase 2 - Latest Update
Payroll Tax 2020 concessions and JobKeeper
High alert issued over myGov tax time scam
Extended director penalty regime to catch out ‘zombie companies’
SG amnesty deadline - 7 September
‘Hundreds’ to be contacted in ATO early super compliance blitz
90,000 SMEs to benefit from new JobTrainer program
Work Related expenses – 2020
‘Everyone is now on notice’: ATO acquires COVID-19 data on 3m Aussies
Extra Tools & Resources for our clients.
Year End Tax Deductions – “equipment”
Home Office Claims 2020
Early release of super sees ‘high take-up’
Tax time 2020: ATO homes in on rental deduction claims
ATO announces Div 7A COVID-19 assistance
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Articles
Merry Christmas to all our clients, your staff, family and friends
FBT - Christmas Parties and Taxi Fares
Employee Christmas Parties and Gifts - Any FBT?
Victorian Stamp Duty Reduction - First Home Buyers
School Bonus - Action Required
Cloud computing central to SME accounting
Traps to avoid with In-specie Transfers to Self-managed Funds
Companies are now able to carry back losses
Want to do some of your own research – no problems?
Living Away from Home Arrangements - Legislation Announcements
Living Away from Home Allowances Proposals
Education Tax Refund Replaced by 'School Kids Bonus'
Living Away from Home Allowances Proposals

Eligibility and benefits from a Living Away from Home Allowance will be reduced significantly.

The key changes will be the removal of this allowance from Fringe Benefits Tax area, to become assessable income of the employee.  The employee will be required to satisfy deductibility obligations in a similar way to the existing rules for car allowances.

 



Any existing Living Away from Home Allowance arrangements will be subject to the old rules until 1st July 2014.

In other words, there is a transitional opportunity to retain the same benefits for two further financial years, provided the existing arrangement continues.


 

 

 

 

 

 



7th-October-2012