In This Issue Tax and the Christmas Party New Year’s Resolution – Updating My Estate Plan Assessability of Commuted Lump Sum Insurance Payment Technology Investment Boost (“TIB”) Tax and the Christmas Party The costs (such as food and drink) associated with Christmas parties are exempt from FBT if they are provided on a working day […]
In this issue The controversial case of the taxpayer who claimed a loss on their home Bah humbug: The Christmas tax dilemma The Christmas tax quick guide Tax on super balances above $3m hits Parliament The key influences of 2024 The controversial case of the taxpayer who claimed a loss on their home A decision […]
In this issue Workers owed $3.6bn in super guarantee Up to 10 years in prison for deliberate ‘wage theft’ When trust distributions to a company are left unpaid Fixed-term employment contracts limited to 2 years 30% tax on super earnings on balances above $3 million When is food GST-free? Warning: Redrawing investment loans Workers owed […]
In this issue $20k deduction for ‘electrifying’ your business The ‘Airbnb’ Tax 30% tax on super earnings above $3m Self-education: What can you claim? $20k deduction for ‘electrifying’ your business Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how […]
In This Issue Division 7A breaches outside the amendment period ATO finalises its view on deductibility of labour costs on constructing or creating capital assets Payroll Tax – should WA medical practitioners be concerned? ATO’s stronger stance on new payment arrangements and interest remission Division 7A breaches outside the amendment period The law and ATO […]
In This Issue Division 7A, Distributable Surplus and the meaning of ‘Net Assets’ 2023 Trust Distributions – reducing the risk TR 2023/1: Residency Tests For Individuals Released Managing risks in the allocation of Professional Services Firm profits – Part 2 Division 7A, Distributable Surplus and the meaning of ‘Net Assets’ Clients that operate through companies […]
In this issue ‘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 ‘OnlyFans’ Tax Risk Warning The explosion of OnlyFans, YouTubers, TikTokers and others all […]
In This Issue Overview – FEDERAL BUDGET 23/24 – THE “cost of living 2.0” BUDGET Small Business Measures Personal Tax Measures Superannuation Related Measures Tax Compliance & Integrity Measures FEDERAL BUDGET 23/24 – THE “COST OF LIVING 2.0” BUDGET Last night, Treasurer Jim Chalmers announced that the 2023 Budget, delivered in October 2022, will now […]
In this issue How Does Tax Apply to Electric Cars? Selling a business? The buyer’s rationale for earn-out clauses 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 Fringe Benefits Tax Apply to Electric Cars? Just in time for […]
In This Issue Changes to Taxation of Superannuation – The Unintended Consequences ATO Stymies Greatest GST Fraud in Australian History – Where to from here? Division 7A on Loans from Trusts – Is this still relevant? Managing Risks in the Allocation of Professional Services Firm Profits – Part 1 Changes to Taxation of Superannuation – […]