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Is your family home really tax free?

July 17, 2024

The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose

$20k instant asset write-off passes Parliament

July 12, 2024

Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 inc

What’s ahead for 2024-25?

July 03, 2024

Will 2024-25 be another year of volatility or a return to stability? Personal tax & super As you

What’s changing on 1 July 2024?

June 26, 2024

Here’s a summary of the key changes coming into effect on 1 July 2024: Tax cuts reduce personal

5 million+ struggle with mortgage payments

June 17, 2024

New nationwide research released by ASIC’s Moneysmart reveals that 47% of Australian adults with d

ATO fires warning shot on trust distributions

June 11, 2024

The ATO has warned that it is looking closely at how trusts distribute income and to who. The way i

The essential 30 June guide

June 06, 2024

The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scr

Accessing money in your SMSF

May 28, 2024

The ATO has made a call to professional accountants to help identify and manage illegal early access

Should you be the ‘bank of Mum & Dad’?

May 20, 2024

The great wealth transfer from the baby boomer generation has begun and home ownership is the cataly

Do your kids really want to take over your business?

May 08, 2024

Generational succession - handing your business across to your kids or family - sounds simple enough

Company money crackdown

May 02, 2024

The ATO is cracking down on business owners who take money or use company resources for themselves.

Non-compete clauses and worker restraints under review

April 29, 2024

A new issues paper from Treasury’s Competition Review questions whether non-competes and other res

How much is my business worth?

April 24, 2024

For many small business owners, their business is their largest asset and for many, one that is expe

The assault on professional services

April 15, 2024

The ATO has signalled that it is willing to pursue professional services firms who divert profits to

Budget 2024-25

April 10, 2024

The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous yea

Warning on SMSF asset valuations

April 03, 2024

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analys

Getting back what you put in: Loans to get a business started

March 27, 2024

It’s not uncommon for business owners to pour their money into a business to get it up and running

Revised stage 3 tax cuts confirmed for 1 July

March 20, 2024

The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Befor

How to take advantage of the 1 July super cap increase

March 18, 2024

From 1 July 2024, the amount you can contribute to super will increase. We show you how to take adva

The ATO Debt Dilemma

March 11, 2024

Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Offi

The Fringe Benefit Tax traps

March 05, 2024

The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract

The problem when the evidence doesn’t match what the taxpayer tells the ATO

February 26, 2024

A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring

Contractor or employee?

February 16, 2024

Just because an agreement states that a worker is an independent contractor, this does not mean that

Can my SMSF invest in property development?

February 13, 2024

Australians love property and the lure of a 15% preferential tax rate on income during the accumulat

Stage 3 personal income tax cuts redesigned

February 05, 2024

The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistribut

Tax on super balances above $3m hits Parliament

December 20, 2023

Legislation enabling an extra 15% tax on earnings on super balances above $3m is before Parliament.

The key influences of 2024

December 15, 2023

Uncertainty has reigned over the last few years, but can we expect more consistency as we head into

Bah humbug: The Christmas tax dilemma

December 11, 2023

Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Offic

The controversial case of the taxpayer who claimed a loss on their home

December 04, 2023

A decision by the Administrative Appeals Tribunal has the tax world in a flurry after the Tribunal f

Warning: Redrawing investment loans

November 30, 2023

The ATO estimates that incorrect reporting of rental property income and expenses is costing around

When is food GST-free?

November 27, 2023

Chobani plain yoghurt is GST-free but Chobani’s ‘flip’ range is taxable? A recent case before

Fixed-term employment contracts limited to 2 years

November 24, 2023

From 6 December 2023, employers can no longer employ an employee on a fixed-term contract that: i

30% tax on super earnings on balances above $3 million

November 23, 2023

Treasury has released draft legislation for consultation to enact the Government’s plan to increas

When trust distributions to a company are left unpaid

November 21, 2023

What happens when a trust appoints income to a private company beneficiary but does not actually mak

Up to 10 years in prison for deliberate ‘wage theft’

November 14, 2023

Legislation currently being debated in Parliament will introduce a new criminal offence for intentio

Workers owed $3.6bn in super guarantee

November 06, 2023

Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Ta

The shape of Australia’s future

September 27, 2023

What will the Australian community look like in 40 years? We look at the key takeaways from the Inte

The case of the taxpayer who was paid too late

September 15, 2023

What a difference timing makes. A recent case before the Administrative Appeals Tribunal (AAT) is a

The Billion Dollar TikTok Scandal

September 06, 2023

$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,

Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions

August 28, 2023

You’ve got a block of land that’s perfect for a subdivision. The details have all been worked ou