There’s a noticeable shift happening in the SME space. The businesses performing well right now aren’t necessarily the loudest, the fastest growing or the most complex. They’re the ones making…
If you’ve invested in further study, such as an MBA, a leadership course or a postgraduate qualification, you might be wondering if this can help at tax time. For many…
Every year, businesses across Australia plan staff parties, rewards and gifts to thank their teams. And every year, many are caught off guard by something far less festive Fringe Benefits…
Leaving debts outstanding with the ATO is now more expensive for many taxpayers. General interest charge (GIC) and shortfall interest charge (SIC) imposed by the ATO is no longer tax-deductible…
FBT updates and problem areas FBT exemption for electric cars Providing equipment to work from home Does FBT apply to your contractors? Reducing the FBT record keeping burden The top…
Can you avoid giving the Australian Tax Office a gift this Christmas? The top Christmas party questions What can I do to make the staff Christmas party tax deductible or…
Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at these assets to see if what has been declared in…
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…
Here’s a summary of the key changes coming into effect on 1 July 2024: Tax cuts reduce personal income tax rates and change the thresholds. Superannuation guarantee increases from 11%…
The ATO has warned that it is looking closely at how trusts distribute income and to who. The way in which trusts distribute income has come under intense scrutiny in…