April 2024 Client Bulletin

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…

December 2023 Client Bulletin

December 2023 Contents The controversial case of the taxpayer who claimed a loss on their home Bah humbug: The Christmas tax dilemma The key influences of 2024 Tax on super balances above $3m hits Parliament The controversial case of the taxpayer who claimed a loss on their home A decision by the Administrative Appeals Tribunal…

November 2023 Client Bulletin

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…

October 2023 Client Bulletin

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…

August 2023 Client Bulletin

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…

July 2023 Client Bulletin

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…

May 2023 Client Bulletin

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…

April 2023 Client Bulletin

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…