Taxation Matters

This is a list of quick links to all current pay as you go (PAYG) withholding tax tables for payments made from 1 July 2010.

Tax tables - click here...

Know what deductions you can claim this tax time
More than 1.3 million people claimed nearly $25 billion in rental deductions in their tax return last year. Of these people, nearly 150,000 people claimed deductions for the first time.

More information...

Last year, approximately 7.3 million people claimed work-related expenses making them one of the most commonly claimed deductions.

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Smart Company E-Newsletter 10 June 2010

With the end of the financial year only weeks away, now is the time to ensure you're not caught out with your ATO reporting and compliance requirements.

After all, the best way to start any new year is to be in good shape, and the ATO have provided plenty of information to ensure you are. Your accountant should also be able to give you the right advice.

However, when push comes to shove, it's your responsibility to know, and there are over 445 million new reasons why you need to be across your obligations.

The ATO has released the following PAYG withholding schedules for payments made on or after 1 July:

The second Commissioner of Taxation, Bruce Quigley, has recently provided an overview of ATO compliance focus areas for 2010 - 11. Mr Quigley revealed that the ATO is increasing its use of data-matching to identify undisclosed interest income of individuals.

This is a list of quick links to all current pay as you go (PAYG) withholding tax tables for payments made from 1 July 2010. Click here.

The Australian Taxation Office has delivered its final ruling on the controversial issue of how discretionary trusts are being managed, with experts claiming the decision could costs SMEs hundred of millions of dollars and send come companies to the wall.

Here are 15 more expert tips to help you through the trials of tax time.

It's that time of year again. Businesses across the country are dragging out boxes of receipts, log books and forms to make the most of tax time and avoid being slugged with a hefty bill.