From: Alan Hill
Hi all,
I currently pay my wife to do the books and manage our couple of IP's for which she declares as income and pays tax.
I saw someone mention in the forum recently that the ATO was reviewing this and it may be cut out. Would think many spouses would be furious about this as it amounts to unpaid labour.....I'm sure many women especially have a pretty strong point of view on that already!
I checked with my accountant and he said it wouldn't be worth me doing this anymore as she'd need an ABN or I would have to pay her Super etc etc. Has anyone heard anymore about this?
I could understand an objection from the ATO if my wife wasn't declaring this as income and paying tax but I can't see the problem under these circumstances.
I'd appreciate any feedback. Thank you.
Hi all,
I currently pay my wife to do the books and manage our couple of IP's for which she declares as income and pays tax.
I saw someone mention in the forum recently that the ATO was reviewing this and it may be cut out. Would think many spouses would be furious about this as it amounts to unpaid labour.....I'm sure many women especially have a pretty strong point of view on that already!
I checked with my accountant and he said it wouldn't be worth me doing this anymore as she'd need an ABN or I would have to pay her Super etc etc. Has anyone heard anymore about this?
I could understand an objection from the ATO if my wife wasn't declaring this as income and paying tax but I can't see the problem under these circumstances.
I'd appreciate any feedback. Thank you.
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