Contents The essential 30 June Guide ATO fires warning shot on trust distributions What’s changing on 1 July 2024? The essential 30 June Guide The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. For you Opportunities Take…
Contents Warning on SMSF asset valuations Budget 2024-25 The assault on professional services How much is my business worth? Non-compete clauses and worker restraints under review Warning on SMSF asset valuations The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed…
Welcome to our July 2023 Client Bulletin Contents The 120% technology and skills ‘boost’ deduction Backing a winner: Digital games tax What changed on 1 July 2023 Important: 1 July 2023 wage increases Cents per kilometre increase The 120% technology and skills ‘boost’ deduction The 120% skills and training, and technology costs deduction for small…
Welcome to our April 2023 Client Bulletin Contents How Does Tax Apply to Electric Cars? Selling a business? What sharing platforms are sharing with the ATO Company money: A guide for owners Update: Tax on super balances above $3m Budget 2023-24 How Does Tax Apply to Electric Cars? Just in time for the Fringe Benefits…
Welcome to our March 2023 Client Bulletin Contents End of the FBT year fast approaching What’s the Deal with Working from Home? What will the ATO be Asking about your Holiday Home? Future earnings for super balances above $3m taxed at 30% from 2025-26 1 July 2023 Super Balance Increase but no Change for…
Welcome to our February 2023 Client Bulletin Contents The ATO’s final position on risky trust distributions Full throttle in 2023 How good is ChatGPT at tax? Is ‘downsizing’ worth it? SMSF reporting changes from 1 July 2023 The ATO’s final position on risky trust distributions The ATO has released its final position on how it…
Welcome to our December 2022 Client Bulletin Contents Avoiding the FBT Christmas Grinch Missed the director ID deadline? Now what? What do the ‘Secure Jobs, Better Pay’ reforms mean? Avoiding the FBT Christmas Grinch! It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation.…
A new category of domain names “.au” was made available in March 2022. These shorter domain names are a new option for Australian business websites and email addresses. If you own a domain name ending in .com.au (or .net.au / .edu.au / .org.au etc) then you have priority to the same shorter domain name ending…
Welcome to our August 2022 #2 Client Bulletin Contents Going Green FBT – Free Electric Cars Can I claim my crypto losses? How high will interest rates go? Going Green Climate change featured heavily during the election and now the Albanese Government is putting into place some of the promises it made. We look at…
Welcome to our June 2022 Bulletin Contents ATO ramps up heat on directors 120% deduction for skills training and technology costs Fuel tax credit changes What’s changing on 1 July 2022? Can I claim a tax deduction for my gym membership? ATO ramps up heat on directors Over the past few months, the ATO have…