Articles

The Federal Government has warned of scammers targeting Australians ahead of tax time 2023. The number of scam reports received to date this year has …

As a new financial year gets underway, it’s time to start thinking about whether your tax planning is in order. Tax planning requires considering your …

Tax time 2023 is fast approaching and as with previous years, the ATO has provided some insights to the areas it will be focusing on consisting of …

Personal tax rates and offsets for 2023–2024 and beyond With no announced changes in the Federal Budget to personal tax rates and offsets for the …

As flagged earlier in the year when the announcement was made, the Federal Government recently released a consultation paper on its proposal to reduce …

Individual property investors should be aware that the ATO has announced a new data matching program that will obtain data from various financial …

With the increasing popularity and uptake of electric vehicles (EVs), the ATO has now released a draft compliance guideline which contains the …

Super to be paid on payday from 1 July 2026; more action to catch non-payers The Budget papers confirmed the Government’s intention to require all …

Have you got your tax sorted?  Tax time is just around the corner, so it’s time to start collecting all the documentation and information you …

Small business lodgment penalty amnesty The Government announced that a lodgment penalty amnesty program will be provided for small businesses with …

Small business instant asset write-off: $20,000 threshold for 2023–2024 The Government will temporarily increase the instant asset write-off threshold …

Personal tax rates unchanged for 2023–2024 In the Budget, the Government did not announce any personal tax rates changes. The Stage 3 tax changes …

The ATO has warned content creators that they need to be aware of their income tax and GST obligations. Tip: Examples of content creators are …

The Australian Securities and Investments Commission (ASIC) has released results of its recent review on improving arrangements for life insurance in …

The ATO has recently reported there is now $16 billion in lost and unclaimed super across Australia, and is urging Australians to check their MyGov …

Late in 2022, amendments to the tax law passed Parliament that, among other things, included a measure to allow the ATO to issue a “tax-records …

It’s FBT time again, and for the 2022–2023 FBT year it’s important to remember that your business may be able to get an exemption for certain eligible …

Families struggling with the current cost of living crisis could soon have some relief with cheaper child care coming mid-year. The recently passed …

In an attempt to repair the Federal Budget and lower the overall national debt, the government is seeking to introduce changes to the way …

In a bid to increase the accessibility and affordability of quality financial advice, the government had previously commissioned a report into …

As a part of its ever-tightening compliance net, the ATO has recently announced it is targeting specific tax avoidance behaviour in the …

Employers that have provided FBT car parking benefits for the 2022–2023 FBT year should be aware that the ATO has finalised the changes to its ruling …

A new revised fixed-rate method for calculating working from home expenses will soon apply. From 1 July 2022, employees who work from home can no …

If you’re thinking of starting a self managed superannuation fund (an SMSF) in 2023, you need to be aware of the recent changes made by the ATO on …

The Federal Government has announced that it will abolish the Administrative Appeals Tribunal (AAT) and replace it with a new Federal administrative …

As a part of the Federal Government’s strategy to combat the tax compliance risks posed by the sharing economy, it has passed into law new …

The ability of the Family Court to divide the assets owned personally by a couple – including superannuation – on a relationship breakdown is largely …

Self-education expenses are generally tax-deductible for individuals if there’s a sufficient connection with your income-producing activities. …

The Federal Government has showed its hand in terms of potential future changes to the Australian superannuation system. The Assistant Treasurer and …

As inflationary pressures start to bite, many businesses may be seeking rental deferrals or variations from their landlords to help them through this …