Newsletter - Lusi & Co - Corporate Accountants and Business Advisers - Doncaster East, Melbourne, Victoria, Australia
October 2021 NEWSLETTER

October 2021 NEWSLETTER

The October newsletter topics include compensation payments received in your SMSF, CGT consequences when using part of your home as a place of business, inheriting rental properties jointly and more.  

Please refer to the attachment for further information and should you have any queries, please contact our office.

 

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September 2021 NEWSLETTER

September 2021 NEWSLETTER

The September newsletter topics include guidance in relation to employee travel expenses, Self-Managed Funds and property development investments, trust distributions to non-residents and more.  

Please refer to the attachment for further information and should you have any queries, please contact our office.

 

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August 2021 NEWSLETTER

August 2021 NEWSLETTER

The August newsletter topics include Superannuation reforms and what it means for members, capital works deductions for rental properties, discretionary trusts distributions and more.  

Please refer to the attachment for further information and should you have any queries, please contact our office.

 

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Taxable Payments Annual Reports 2021(TPAR)

If your business makes payments to contractors or subcontractors you may need to lodge a Taxable payments annual report (TPAR) by 28 August each year.

The taxable payments reporting system aims to create a level playing field – to prevent dishonest operators from gaining an unfair advantage over the majority. The information we collect in the TPAR allows us to identify contractors who are not meeting their tax obligations.

You need to know about TPAR if your business provides any of the following services, even if it's just part of the services you provide each year: 

  • building and constructions services
  • cleaning services
  • courier or road freight services
  • information technology (IT) services
  • security, investigation or surveillance service

For further information please refer to the ATO website: https://www.ato.gov.au/business/reports-and-returns/taxable-payments-annual-report/lodging-your-tpar/  or contact our office for assistance.

 

Tax Time News

WORKING FROM HOME RECORDS:

The ATO is once again reminding clients that are continuing to work from home during the 2021-2022 income year to keep records of the hours worked from home as well as keeping receipts for all items purchased. For further information refer to the ATO website https://www.ato.gov.au/Tax-professionals/Newsroom/Income-tax/Keep-records-when-working-from-home/

BUSINESS PORTAL RETIRING THIS MONTH:

A reminder that the Business Portal retires at the end of this month (July 2021) and you will need to switch to Online Services for Business. For further information please refer to the ATO website https://www.ato.gov.au/General/Online-services/Businesses

If we can be of assistance, please contact our office.

 

 

Lodgment rates and thresholds guide for 2021-2022

Lodgment rates and thresholds guide for 2021-2022

 

Please find attached the Lodgment rates and thresholds guide for 2021-2022.

Should you have any queries, please do not hesitate to contact our office.

 

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July 2021 NEWSLETTER

July 2021 NEWSLETTER

The July newsletter topics include avoiding mistakes in preparing business returns, claiming clothing and laundry expenses, winding up a Self-Managed super fund and more.  

Please refer to the attachment for further information and should you have any queries, please contact our office.

 

 Download PDF

LUSI & COMPANY - OFFICE CLOSURE

Our staff will be attending a Taxation Seminar from Wednesday 7th July to Friday 9th July 2021 inclusive and will have limited access to emails.

All correspondence should be directed to office@lusi.com.au

We apologize for any inconvenience caused.

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