November 2023 Contents Workers owed $3.6bn in super guarantee When trust distributions to a company are left unpaid Fixed-term employment contracts limited to 2 years 30% tax on super earnings above $3m Warning: Redrawing investment loans When is food GST-free? Up to 10 years in prison for deliberate ‘wage theft’ Workers owed $3.6bn in super…
Welcome to our Bumper October 2023 Client Bulletin Contents $20K deduction for “electrifying’ your business The ‘Airbnb’ Tax Self-education: What can you claim? The case of the taxpayer who was paid to late 30% tax on super earnings above $3m Legislating the “objective” of super The Billion Dollar TikTok Scandal The shape of Australia’s future…
Welcome to our August 2023 Client Bulletin Contents Why is my tax refund so small? Succession: What does it take to hand your business to the next generation? The tax implications of small-scale subdivisions Why is my tax refund so small? The tax refund many Australians expect has dramatically reduced. We show you why. There…
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 May 2023 Client Bulletin Contents $20k Small Business Energy Incentive ‘OnlyFans’ Tax Risk Warning ATO Rental Property Blitz Access to home guarantee scheme expanded to friends and siblings Question of the month: Company loan to pay down the mortgage Right to super to be enshrined in National Employment Standards $20k Small Business…
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.…
Welcome to our November 2022 Client Bulletin Contents 30 November director ID deadline Can you prevent a hack? Taxing fame: The ATO’s U-Turn How high will interest rates go? 30 November director ID deadline The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022. All directors of…