March 2019 Tax Round Up - Single touch payroll extends to all employers
by Knowledge Shop Editor, on 04/03/19 10:19
Legislation that passed Parliament extends Single Touch Payroll to all employers by 1 July 2019. We explore the implications and issues for practitioners and their clients.
Plus, we look at the announcement and subsequent legislation enabling the extension and increase to the instant asset write-off. And, two important cases that redefine the boundaries of the domicile test for residency purposes, and vacant land as an active asset for small business CGT purposes.
Join the Knowledge Shop team for all this and more.
The 2019 Federal Budget will be released on 2 April 2019. Make sure you are on our database for your ‘adviser’s edition’ of our Budget round up!
Join Michael Carruthers (Tax Director, Knowledge Shop) and Lisa Armstrong (MD, Knowledge Shop),for just the juicy bits of change for accountants and advisers:
- Expansion of single touch payroll for all employers – the legislation, the issues and what practitioners need to be doing now
- The announcement and legislation extending and increasing the $20k instant asset write-off
- Two cases that move the goalposts:
- Is land used for storage of business assets an active asset? Eichmann and Commissioner of Taxation  AATA 162
- ‘Temporary’ accommodation overseas can be a permanent place of abode - Harding v Commissioner of Taxation  FCAFC 29