Articles
$81.5m payroll tax win for Uber
20/09/2024
Multinational ride-sharing system Uber has successfully contested six Revenue NSW payroll tax assessments totalling over $81.5 million. The assessments were issued on the basis that ...
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Is the RBA to blame? The economic state of play
17/09/2024
The politicians have weighed in on the Reserve Bank of Australia’s economic policy and their reticence to reduce interest rates in the face of community ...
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Property and ‘lifestyle’ assets in the spotlight
13/09/2024
Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at these assets to see if ...
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It wasn’t me: the tax fraud scam
04/09/2024
You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k ...
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The rise in business bankruptcy
19/08/2024
ASIC’s annual insolvency data shows corporate business failure is up 39% compared to last financial year. The industries with the highest representation were construction, accommodation ...
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The changes to how tax practitioners work with clients
16/08/2024
The Government has amended the legislation guiding registered tax practitioners to include compulsory reporting of material uncorrected errors to the Tax Commissioner. The Government has ...
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Divorce, you, and your business
15/08/2024
Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved. ...
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When is a gift not a gift?
14/08/2024
The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift or a loan ...
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10 Strategies to Boost a Business’s Cash Flow
29/07/2024
We sometimes see businesses which are healthy, growing, reputable, and stable… but their cash resources are limited. And that’s an impediment to operations running smoothly ...
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$20k instant asset write-off passes Parliament
05/07/2024
Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year passed Parliament just 5 days prior to the end ...
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Is your family home really tax free?
04/07/2024
The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s ...
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What’s ahead for 2024-25?
03/07/2024
Will 2024-25 be another year of volatility or a return to stability? Personal tax & super As you would be aware (at least we hope ...
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