Employee or Contractor – Myths and Facts

The following examines some common misunderstood rules around the employee vs contractor situation.

 

Myth: I have an ABN so I am a contractor.

You may have an ABN but that does not make you a contractor.

Fact: The ATO has various checks to ensure business owners are treating their staff/contractors correctly.

To put it simply, the ATO will look at the work arrangement and the way the payments were calculated etc to determine whether one is an employee or not.

 

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in Bookkeeping and Payroll / News / Running A Business / Starting a New Business / Tax Advice and Planning  by Melissa de Largie

Maximize your motor vehicle tax deduction

Are you always on the road for work?

Whether you are an employee or a business owner, at some point of your career you may require use of your vehicle for work/business purposes to travel between office/work sites. You may be eligible to claim your car expenses in your tax return.  But…

Have you wondered what you can do to maximise your motor vehicle tax deduction?

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in News / Personal Tax Returns  by Emily Yip