Blog

Inside: Tax Time: Are you in the ATO’s sights? How to prepare for a tax office visit                                                                                                          …  Read more

Inside: No tax deductions if you don’t meet your tax obligations Contractor or employee? Defining workers in the gig economy Tax on shares: ATO extends data matching program                                                                                    …  Read more

Inside: Working from Home: What Deductions Can You Claim? What Does the China/US Trade Ware Mean to Australia Reminder on Cents per KM Car Expenses Rate New Immediate Deduction for Primary Producers Confusion Reigns Over Superannuation Transfer Balance Cap                                                              …  Read more

Inside 190,000 taxpayers ‘examined’ in ATO online rental blitz Last minute changes to company tax and franking rate passed by Parliament Got a HELP debt? The impending changes to speed up your repayments New domestic violence leave entitlements come into force Tax ‘safe harbour’ for inherited property ATO takes its share of car sharing                                …  Read more

Inside Will Australians Pay More for a Good Cause? Clothing Deductions Hung Out to Dry Are You Holding Back Your Business?                                                                                                  …  Read more

Inside this month, how the one-off super guarantee amnesty works, what’s changing on 1 July, and your essential EOFY checklist.   One off Super Guarantee Amnesty Qualifying for the amnesty What do employers pay under the amnesty? Where to from here? What’s Changing on 1 July 2018 Individuals Business Superannution Your Essential EOFY Checklist Who Gets a Tax Cut from 1 July?       Employers that have fallen behind…  Read more

Inside this month we explore the recently released tax stats – the highest earning occupations, the wealthiest suburbs and who contributes the most tax. Plus, the main residence exemption warning for expats and foreign residents. Tax Stats Reveal the State of the Australian Community Highest earning job roles The wealthiest Australian suburbs Who contributes the most tax? Where do we make our money? What deductions do we claim? Superannuation balances…  Read more

Inside this month, Single Touch Payroll and what you need to know, should you use the new super measures when you buy/sell your home, and tax deductions – what deductions are under attack! SINGLE TOUCH PAYROLL: WHAT YOU NEED TO KNOW Information for employers Information for employees   SHOULD YOU USE THE NEW SUPER MEASURES WHEN YOU BUY/SELL YOUR HOME? The pros and cons of using your super to save…  Read more

The ATO’s FBT hotspots and what you need to look out for, did a Kardashian really just wipe US $1.3bn off the share price of Snapchat, the impending rules for GST on property development, and will your business be audited – a look at the small business benchmarks. The ATO’s FBT Hot Spots – Motor vehicles – using the company car outside of work – Utes and commercial vehicles –…  Read more

The new data breach rules come into effect – who is affected and what you need to do. Draft laws impose criminal penalties on directors who fail to pay workers super guarantee. And, the changes coming up in 2018.    New data breach laws come into effect  – The new data breach rules – who is affected and what you need to do.   Directors on ‘hit list’ for not…  Read more

Merry Christmas   Christmas is a time that reminds us that there is more to life than work. Embrace the season and all the pleasures it delivers. We wish you and your family a peaceful, safe and happy Christmas. We look forward to exploring the New Year with you and seizing the opportunities it offers. Our office will be closed from 12pm 22nd December 2017 and will re-open on 2nd January…  Read more

Inside this month, how cryptocurrencies are taxed and the implications of trading and investing for you, your business and your SMSF. The black economy crackdown on cleaners and couriers, how small subsidiaries are being caught by Australia’s new multinational tax crackdown, ASIC’s new fees and penalties, and the tightening of the company tax rate rules. Cryptocurrencies, like Bitcoin, are independent and not regulated by any central authority. Until recently, these…  Read more

This month we explore the new laws that hold franchisors responsible for vulnerable workers, what you need to tell the ATO about your SMSF, the new safe harbour for directors of struggling companies, and the tax benefits for investing in affordable housing. New laws hold franchisors responsible for vulnerable workers Franchisors and holding companies could be held responsible if their franchisees or subsidiaries don’t follow workplace laws. The Government has…  Read more

  Qantas CEO Alan Joyce had a pie shoved in his face at a business breakfast in May 2017 for Qantas’s proactive position on same sex marriage. The protagonist, a 67 year old former farmer claimed that Joyce is, “… very much part of a network trying to subvert the federal parliamentary process around the issue of marriage equality.” The issue of corporate clout being used to promote social agendas…  Read more

Super concessions for first home savers and downsizers Does superannuation offer an avenue to help downsizers and first home savers? The Government seems to think so. Late last month the detail of the housing initiatives announced in the Federal Budget were released for consultation. We explore what’s on offer and the implications. Super concessions for downsizers If you are over 65, have held your home for 10 years or more…  Read more