Property investors beware: new data matching program
Individual property investors should be aware that the ATO has announced a new data matching program that will obtain data from various financial …
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 …
Businesses that provide FBT car parking benefits should be aware that the ATO has recently released an updated consolidated draft taxation ruling that …
Yes, it’s that time of year again! As the so-called “silly season” gets underway, and with many employers reverting to pre-pandemic norms around meal …
Treasury has released draft legislation which proposes two new grounds under which the Registrar of the Australian Business Register may cancel an …
Taxpayers could soon be dealing with more paperwork at tax time, or facing the prospect of a lower tax deduction for work from home (WFH) expenses. …
In a bid to protect consumers, the Federal Government has released a consultation paper seeking views on options to regulate the “buy now, pay later” …