Tax - 13/16 - CS Accountants
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Tax Tag

The Australian Labor Government has released details of its plans to put a price on carbon. From 1 July 2012, the scheme proposes to set a price of $23 for each tonne of carbon pollution released into the atmosphere by Australia's biggest polluters.

The ATO has warned the community to be alert to tax related scams in the lead up to tax time. During the busy tax season, scammers will try to catch you off guard to trick you into providing your personal details and pay money.

By the end of this financial year, the number of ATO auditors working on cash economy cases will have almost doubled and more than 200,000 businesses would have been audited or reviewed. The main issue that is uncovered during these audits continues to be inadequate record keeping practices.

The ATO has identified employers in various industries that may not be paying super to their eligible employees or contractors. It is important that employers understand that they need to pay the compulsory 9% super guarantee contribution s for contractors they pay under a contract that is wholly or principally for the contractor's labour even if the contractor quotes their Australian business number.