The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. The surplus was driven by a surge in the corporate and individual tax take. High commodity prices, inflation, and high employment have all pushed up corporate and...
1.7 million taxpayers will be drawn into the ATO’s residential investment property data matching program utilising bank data. Click here to view the May 2023...
How does tax apply to electric cars? Company money - a guide for owners, the pros and cons of earn-out clauses when selling a business, what sharing platforms are sharing with the ATO, and what to expect from Budget 2023-24. Click here to view the April 2023...
The updated approach to deductions for working from home, the 'super' wars, and what the ATO will be asking about your holiday home. Click here to view the March 2023...
ChatGPT and tax, how to plan for growth, the downsizer contribution changes and the final position on section 100A Click here to view the February 2023 Update
A tax effective Christmas for your team, your clients and you! Plus, the impact of the ‘Secure Jobs, Better Pay’ legislation. Click here to view the December 2022...
Inside this month, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But can you really prevent hackers? Click here to view the November 2022...
Stage three tax cuts? What is legislated, the impact and the issues. And the 589.9% increase in cryptocurrency assets inside SMSFs and the latest ASIC warnings on where it is all going wrong. Click here to view the October 2022...
There is nothing in the 2022-23 Federal Budget 2.0 that will create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. With...
Last chance to register your .au domain, the investment boosts for SMEs one step closer! And acquiring collectibles inside your SMSF. Click here to view the September 2022...
Inside this month, the shift towards green and FBT-free electric cars, claiming crypto losses, and how high does the RBA say interest rates will go (and do you believe them?). Click here to view the August 2022...
Inside we explore tax on the family home and when the main residence exemption applies. Plus, tips to overcome your customers fear of spending Click here to view the July 2022 Update....