Accounting & Financial Reporting

ATO Officeholder Data-matching The ATO will acquire officeholder data from various sources, including ASIC, the Office of the Registrar of Indigenous Corporations, the Australian Charities and Not-for-profits Commission, and the Australian Business Registry Service. The data collection will span from the 2024 to 2027 income years and will include: It is estimated that records relating […]

Planning to sell your home after relocating from Australia? Be cautious! If you’ve lived in Australia for years and own a home here, it’s important to understand the tax implications if you sell after becoming a foreign resident for tax purposes. Key Points to Consider: However, if you sign the contract while still an Australian […]

Did you know that while Australia doesn’t offer joint tax filing for married couples, your spouse’s income still plays a role in your individual tax assessment? Understanding who qualifies as a spouse under tax law can impact your financial obligations and entitlements. For example, your eligibility for the private health insurance rebate and your liability […]

With nearly one in three marriages ending in divorce—and numerous de facto relationships breaking down—the capital gains tax (CGT) roll-over provisions for “marriage and relationship breakdowns” have gained increasing significance. These provisions allow for the roll-over of any capital gain on the transfer of assets between separating parties, ensuring there is no immediate CGT liability. […]