Merit Partners is here to support your business and help it grow
How do I go about obtaining a quote for audit services?
Please contact us via firstname.lastname@example.org and provide a brief overview of your needs, a copy of your last audited financial report, and contact details.
What sort of information is needed for an audit?
To prepare for an audit we will provide you with a
How long does it take to complete an audit?
The time required to complete an audit will vary depending on the size and complexity of the
What can I claim as work related deductions?
The ATO has a specific page dedicated to assisting individuals
If you click into a specific industry there is a PDF ‘poster format’ summary of what’s claimable. Contact us to ensure your claims are
What can I claim for home office expenses?
The ATO has a downloadable PDF ‘poster format’ summary which covers: What you can claim, calculating the deductible proportion of the expense, common scenarios
Can I claim my travel to and from work?
However, there are some instances where you may be able to claim your work-related travel costs:
- If you carry bulky tools or equipment that cannot be left at your workplace
- Work at different sites and travel to them before returning home
- You start work at home and then travel to continue work for the same employer
- You travel from home to a workplace that is not your regular workplace
The ATO has more information.
How do I claim Fuel Tax Credits?
You must first ensure that your business is registered to claim Fuel Tax Credits (FTC) on your Business Activity Statements (BAS). The ATO has
If you are registered, the FTC amount to be reported for a period can be calculated using the ATO’s FTC calculator tool. This dollar amount is then reported at item 7D on your BAS and will reduce your net payable figure for the period.
If you have any questions, please contact our office for further assistance.
Do I have to register for single touch payroll?
Single touch payroll started on 1 July 2018 for employers with 20 or more employees.
Legislation has now passed imposing Single Touch Payroll (STP) on employers with 19 or less employees. Thus all employers will need to start reporting by this date. More information relating to STP is available.