In this issue Tax and tinsel Q&As What’s ahead in 2025? Phasing out cheques Tax deductions denied for signature basketball shoe R&D Tax and tinsel Q&As 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 […]
In This Issue The ATO’s Approach to Tax Debts Timing Counts when Depreciating Assets are Lost or Destroyed Receiving Foreign Gifts and Inheritances – Beware Section 99B The ATO’s Approach to Tax Debts Statistics from December 2023 showed that the ATO’s collectable debt from taxpayers amounted to approximately $50 billion. A sizeable increase from the […]
In this issue What makes or breaks Christmas? When overseas workers are Australian employees Are student loans too big? What makes or breaks Christmas? The cost of living has eased over the past year but consumers are still under pressure. For business, planning is the key to managing Christmas volatility. The countdown to Christmas is […]
In this issue Payday super: the details The ban on genetic test insurance discrimination 01 Succession: the series Payday super: the details ‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers. From 1 July 2026, employers will be obligated to […]
In this issue It wasn’t me: the tax fraud scam Property and ‘lifestyle’ assets in the spotlight Is the RBA to blame? The economic state of play $81.5m payroll tax win for Uber It wasn’t me: the tax fraud scam You login to your myGov account to find that your activity statements for the last […]
In This Issue Dealing with Family Trust Elections and Interposed Entity Elections when they close the loop too tightly Market Valuation – Dealing at Arm’s Length Voluntary Disclosure during review or audit – Why, When & How Personal Services Businesses falling foul of Part IVA ATO: Lifestyle Assets Data-Matching Program Dealing with Family Trust Elections […]
In this issue When is a gift not a gift? Divorce, you, and your business The changes to how tax practitioners work with clients The rise in business bankruptcy When is a gift not a gift? The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, […]
In this issue What’s ahead for 2024-25? $20k instant asset write-off passes Parliament Is your family home really tax free? Earned an income from the sharing economy? What’s ahead for 2024-25? Will 2024-25 be another year of volatility or a return to stability? Personal tax & super As you would be aware (at least we […]
In This Issue Seeking Mercy from the ATO on Private Company Loans Employee Vs Independent Contractor Caution before adding your spouse to your home’s title Is it time to consider or revisit your Estate Plan? Seeking Mercy from the ATO on Private Company Loans The ATO is becoming less liberal in its application of the […]
In this issue The essential 30 June guide ATO fires warning shot on trust distributions 5 million+ struggle with mortgage payments 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 […]