Content Travel records under the microscope $21 billion in lost super is waiting “Widow tax” fixed Reviewing your fund’s investment strategy This month we look at several practical issues that could affect your tax and superannuation position. The ATO’s expanded passenger movement data-matching program means international travel records could come under greater scrutiny, particularly where…
Content Discretionary trusts and the proposed 30% minimum tax New reasonable travel and overtime meal rates Penalty units increase from 1 July 2026 SMSF and property – preparing for a smooth audit This month we look at several important developments and practical compliance issues affecting individuals, businesses, trusts and SMSF trustees. The Government’s proposed 30%…
Content Updates to Budget Measures and New Developments Payday Super Has Arrived – What Employers Need to Know ATO Cracks Down on Personal Services Income Arrangements: Is Your Business at Risk? Tax Ombudsman Sees 127% Surge in Complaints: What It Means for You Get Ready for 2026–27: Practical Steps SMSF Trustees Must Take Now This…
Content DPN Review: A Wake-Up Call for Business Owners on Personal Tax Risks Navigating CGT on Your Home: New ATO Clarity for Home-Based Businesses ATO Update on Inherited Homes: What it Means for Your Family’s Wealth Keeping Your Self-Managed Super Fund Compliant This month we focus on key developments and practical guidance for business owners,…
Content Government Review of Supermarket Unit Pricing Accessing Superannuation Funds for Medical Treatment or Financial Hardship Super Tax Shake-Up: Big Balances Beware When Medical Bills Meet Tax Rules – Lessons from a Heartbreaking Case Proposed Extension of the Instant Asset Write-Off and Other Tax Measures Cyber in Accounting: Safeguarding Financial Data in a Digital Age…
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…
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…
The Australian Taxation Office (ATO) have recently released a package of new guidance material that directly targets how the income of Trusts is distributed and how it is taxed. This ATO guidance material is only a draft at this stage with the ATO seeking comments from the profession. Under this guidance material released, the ATO…
Welcome to our October 2021 Bulletin Contents Unwinding COVID-19 Relief SME Recovery Loans What happens to your superannuation when you die? Recruiting new employees? The 1 November superannuation rule changes Unwinding COVID-19 Relief COVID-19 support will roll back as states and territories reach vaccination targets. The National Plan, the road map out of COVID-19, does…