Articles

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” …

When it comes to legal compliance by self-managed superannuation fund (SMSF) trustees, the ATO’s main focus is on encouraging trustees to comply with …

The Australian Securities and Investments Commission (ASIC) is the body responsible for overseeing the operation of Australia’s financial services …

In a bid to support pensioners and in conjunction with the announcement of its intention to reduce the eligibility age for downsizer super …

According to the latest Australian Security and Investments Commission (ASIC) report into retail investment, the uptake in cryptocurrency has …

As a part of its strategy to address the current skills shortage and future-proof Australia’s workforce by building better trained and more productive …

Are you having doubts about using your self managed superannuation fund (SMSF) for your retirement? Whatever your age, if recent market conditions, …

The ATO has reminded trustees of self managed superannuation funds (SMSFs) that COVID-19 relief measures that previously applied for the 2019–2020, …

Rental property income and deduction mistakes continue to be one of the main focus areas for the ATO this tax time. This is no surprise, considering …

The taxable payments annual report (TPAR) must be lodged every year by businesses that have made payments to contractors for building and construction …

The Australian Securities and Investment Commission (ASIC) has warned small and micro businesses to be alert for payment redirection scams, which have …

In good news for trustees of self managed superannuation funds (SMSFs) and after much community consultation, transfer balance account event-based …

The self managed superannuation fund (SMSF) space has always been a complex area for trustees, beneficiaries and advisers. In the past few years, the …

As a part of the ATO’s extensive information-gathering powers, it can compel taxpayers to furnish or produce certain documents. However, information …

With COVID-19 lockdowns and restrictions in the rear-view mirrors of most of the country, the ATO is also beginning to resume ordinary compliance …

Small businesses are again in the ATO’s sights this tax time, with a focus on stamping out deductions not related to business income, overclaiming of …

The end of financial year has now come and gone, and people with excess savings or who have received a bonus since the beginning of the year may want …

From 1 July 2019, new rules were introduced that allow eligible people to claim tax deductions for the unused portion of their super concessional …

One of the new Federal Government’s policies, announced as part of its election platform, is to make certain electric vehicles exempt from import …

Tax-related debts are sometimes ignored by those of us struggling with inflationary pressures and sky-high energy prices. However, this may not be the …

As the end of another tax year approaches, the ATO is reminding businesses that it’s time to: see if there are tax-deductible items your business …