Blog

View a selection of articles and blog posts by Trak Accounting.

Taxable Payment Reports: compulsory for building and construction businesses
June 15, 2016
Are you in the building and construction industry? Do you know that you need to report detailed information to the ATO about all the building and construction contractors you have paid each year? No? Well read on…. I’ve noticed that many business owners in the building and construction industry are Read More »
Builders beware: ATO closing the primary place of residence loophole
October 11, 2015
A popular method of avoiding taxation in the past has been to buy a property, build or renovate, live in the residence for twelve months (satisfying the appearance of ‘primary place of residence’), then selling the property – and buying another property to repeat the cycle. This takes advantage Read More »
FIFO Workers – Will You be Sweating Under ATO’s Spotlight this Year?
August 22, 2015
Amongst the Australian Tax Office’s targets this year are work-related deductions – especially relating to fly-in-fly-out (FIFO) workers. So how can you avoid getting caught in the net? The obvious answer is to not to do the wrong thing. Well, that’s always a good start – but the rules around Read More »
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