CLOTHING DEDUCTIONS HUNG OUT TO DRY
The ATO says that clothing claims are up nearly 20% over the last five years with people either making mistakes or deliberately over-claiming.
COMPANY TAX CHANGE IN LIMBO
An issue that many business owners and investors will need to grapple with is uncertainty on the tax rate that applies to companies for the year ended 30 June 2018 and the maximum franking rate on dividends paid during the 2018 income year.
