Foreign Residents

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Taxable Payments Annual Reports

Businesses making payments to contractors may need to formally report the payments made during the financial year ended 30 June 2023 by lodging a Taxable Payments Annual Report (TPAR). Who Needs To Lodge You will need to lodge a TPAR if you make payments to contractors (including subcontractors, consultants and independent contractors operating as sole…

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Motor vehicle deductions and questions, Superannuation Guarantee deadline and foreign income disclosure rules

Motor Vehicles You can claim deductions for the use of motor vehicles (including motorcycles) when they’re used for business or work purposes. While your method of deduction will vary depending on your unique circumstances, regardless of how you claim, it’s important to distinguish the applicable work/business-related portion from any personal/private use, and stay on top…

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