Jeffrey Todd & Assoc

[Jeffrey Todd & Assoc @jeffreytodd88]

PERSONAL TAXATION Personal tax cuts: low–mid tax offset increase now; more rate changes from 2022 In the 2019–2020 Federal Budget, the Coalition Government announced its intention to provide further reductions in tax through the... https://t.co/39LYEqgY7U

[Jeffrey Todd & Assoc @jeffreytodd88]

Single Touch Payroll Today, the Australian Federal Parliament passed legislation that requires even the smallest of employers to electronically file each pay run with the tax office using Single Touch Payroll, starting July... https://t.co/dqnfetxm5T

[Jeffrey Todd & Assoc @jeffreytodd88]

“Unexplained” bank deposits included in taxpayer’s assessable income The AAT has upheld tax assessments which included “unexplained” bank deposits totalling $133,579 in a taxpayer’s assessable income. Facts The taxpayer lodged... https://t.co/1OfxgDd9VT

[Jeffrey Todd & Assoc @jeffreytodd88]

Toxic leaders poison entire companies, and once they get authority over others, they don’t let it go willingly. Thankfully, any business can destroy their poisonous influence. Tell The Truth Toxicity thrives when no one tells the truth, but... https://t.co/o148wZZq8B

[Jeffrey Todd & Assoc @jeffreytodd88]

Businesses want to grow and help a larger audience, but too many make mistakes that cripple their growth. Even worse, they keep repeating them! Don’t do the same; avoid the blunders outlined below. Hiring Toxic Personalities Businesses hire... https://t.co/GFbZZuhSQo

[Jeffrey Todd & Assoc @jeffreytodd88]

Toxic leaders poison entire companies, and once they get authority over others, they don’t let it go willingly. Thankfully, any business can destroy their poisonous influence. Tell The Truth Toxicity thrives when no one tells the... https://t.co/V4a1JpyDHD

[Jeffrey Todd & Assoc @jeffreytodd88]

Ask any successful entrepreneur about their path to greatness and you’ll get the same answer: failure is an inevitable part of the journey. It took Thomas Edison 1,000 failed attempts before he finally invented the light bulb. Tim Ferris... https://t.co/A3BGEOO5MY

[Jeffrey Todd & Assoc @jeffreytodd88]

Ask any successful entrepreneur about their path to greatness and you’ll get the same answer: failure is an inevitable part of the journey. It took Thomas Edison 1,000 failed attempts before he finally invented the... https://t.co/sF4oP1nZJ9

[Jeffrey Todd & Assoc @jeffreytodd88]

Removing tax deductibility of non-compliant payments From 1 July 2019, you can only claim deductions for payments you make to your workers (employees or contractors) where you have complied with the pay as you go (PAYG) withholding and... https://t.co/EYHof2dpy3

[Jeffrey Todd & Assoc @jeffreytodd88]

Better access for small businesses to resolve tax disputes. The government announced that it will make tax dispute resolution between small businesses and the ATO cheaper, easier and quicker. The government is establishing a Small Business... https://t.co/YyffaaDnKN

[Jeffrey Todd & Assoc @jeffreytodd88]

Inspector-General of Taxation’s annual report The Inspector-General of Taxation has tabled his annual report for 2017/18. As an outgoing IGT, Mr Ali Noroozi reflected on the evolution of the IGT and highlighted some of its achievements over... https://t.co/1CyJbzmkdY

[Jeffrey Todd & Assoc @jeffreytodd88]

Lower tax rates brought forward for SMEs The government will bring forward the progressive reduction in the company tax rate for businesses with an aggregated turnover below $50m. Under current legislation, a tax rate of 25% will apply to... https://t.co/sIq8Y5Mqt7

[Jeffrey Todd & Assoc @jeffreytodd88]

ATO finalises its diverted profits tax guidance Contributed by Michael Bona, Peter Collins, Jonathan Malone, Greg Weickhardt, Chris Morris, Paul McNab, James Nickless and Angela Danieletto, PwC Australia In brief The ATO released its... https://t.co/ZL5selhWG0

[Jeffrey Todd & Assoc @jeffreytodd88]

Extension of $20,000 instant asset write-off now law An immediate deduction for depreciating assets costing less than $20,000 is now available for small business entities until 30 June 2019. The Treasury Laws Amendment (Accelerated... https://t.co/jlITLMjcaw

[Jeffrey Todd & Assoc @jeffreytodd88]

GST ruling on supplies connected with Australia The ATO has issued a new GST Ruling GSTR 2018/2 which sets out the Commissioner’s views on when supplies of goods are connected with Australia under key provisions in the A New Tax System (Goods... https://t.co/ZS1RwyeC8o

[Jeffrey Todd & Assoc @jeffreytodd88]

Super sector must address trust deficit In a speech to the Financial Services Council Summit on 26 July 2018, Australian Securities and Investments Commission (ASIC) Chair James Shipton said the superannuation sector must... https://t.co/NcXAZa8Gqp

[Jeffrey Todd & Assoc @jeffreytodd88]

Government launches new service to simplify business registrations The government has officially launched a new stand-alone Business Registration Service, providing a simpler and clearer way to register a business. The service... https://t.co/sGDCTnD8If

[Jeffrey Todd & Assoc @jeffreytodd88]

Spotlight at Royal Commission Bank lending practices for small and medium enterprises (SMEs) were in the spotlight when the Financial Services Royal Commission (FSRC) held its third round of public hearings in late May. These... https://t.co/efigDdQRG5

[Jeffrey Todd & Assoc @jeffreytodd88]

Tax planning With the end of the 2018 income tax year rapidly approaching, this issue draws attention to year-end tax planning strategies and compliance matters that you need to consider to ensure good tax health. It focuses on... https://t.co/CeKHyp7pyX

[Jeffrey Todd & Assoc @jeffreytodd88]

Phone Services Interrupted - https://t.co/BtpcZ1X2Dd