Articles
Fending Off GST Audits
The Government has welcomed the actions of an ATO-led taskforce in relation to what is termed "the biggest GST fraud in Australia's history". The ATO ...
Proposed Tax On $3m Super Balances
Individuals with large superannuation balances may soon be subject to an extra 15% tax on earnings if their balance exceeds $3m at the end of ...
FBT Exemption For Electric Vehicles
With car fringe benefits one of the most common benefits provided by employers to employees, a new ATO fact sheet shines more light on the ...
Small Business Technology Investment Boost
As part of the 2022–23 Budget, the then Government announced it would support small businesses through the Small Business Technology Investment Boost. While this boost ...
NSW Changes To Surcharge Duty And Land Tax
On 21 February 2023 Revenue NSW announced significant changes to surcharge purchaser duty and surcharge land tax in NSW. Are you a citizen of NZ, ...
FBT Compliance: How Car Logbooks Keep You on the Right Road
With the end of the FBT year approaching, are your car logbooks in order? The operating cost method is used by many employers to calculate ...
New Work From Home Record-Keeping Requirements
Record keeping for work from home is now stricter Are you one of the five million Australians who claim work-from-home deductions? If so, stricter record-keeping ...
ATO Finalises Section 100A Guidance For Family Trusts
The ATO releases final guidance on Section 100A for family trusts The ATO released its final guidance material on the application of section 100A on ...
Reduction In Downsizer Eligibility Age
The eligibility age for downsizer contributions reduced from 60 to 55 years from 1 January 2023. This means if you are age 55 or older, ...