April 26, 2023
How Does Tax Apply to Electric Cars?
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. The FBT Exemption…
January 17, 2023
Missed the director ID deadline? Now what?
If you missed the 30 November 2022 deadline for obtaining a Director ID, the Australian Business Registry Services have stated that they will not take action against directors that apply…
November 25, 2022
Taxing fame: The ATO’s U-turn
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. If you’re famous and make an income from…
October 18, 2022
Q & A – Single Touch Payroll
You may or may not have heard of Single Touch Payroll, or STP, which is an initiative that was introduced by the ATO a few years ago. The ATO is…
August 12, 2022
Can I claim my Crypto losses?
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only…
June 21, 2022
ATO refocus on debt collection
The ATO has not pursued many business tax debts during the pandemic and allowed tax refunds to flow through even if the business had a tax debt. That position has…
June 21, 2022
Tax Time Targets
The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four…
May 25, 2022
Single Touch Payroll (Phase 2)
Recently the ATO has sent reminders to business owners who run a payroll system through Single Touch Payroll (STP). Since 1 January 2022 many businesses with a payroll system would…
May 18, 2022
What’s changing on 1 July 2022?
A series of reforms and changes will commence on 1 July 2022. For Business Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5%…
May 18, 2022
Can I claim a tax deduction for my gym membership?
There are lots of reasons to keep fit but very few of them have to do with how we earn our income. As a result, a tax deduction for a…
