News
The problem when the evidence doesn’t match what the taxpayer tells the ATO
05/02/2024
A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax position you are taking. The ...
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Contractor or employee?
03/02/2024
Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation ...
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Can my SMSF invest in property development?
02/02/2024
Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is ...
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Stage 3 personal income tax cuts redesigned
01/02/2024
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. ...
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Engaging a Virtual or Fractional CFO
15/01/2024
Not all businesses need (or can afford) a full-time head of finance. But, in addition to accurate and regular financial reporting, they need a strategic ...
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Tax on super balances above $3m hits Parliament
09/12/2023
Legislation enabling an extra 15% tax on earnings on super balances above $3m is before Parliament. While not a concern for the average worker, if ...
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The key influences of 2024
08/12/2023
Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024? We explore some of the key ...
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Bah humbug: The Christmas tax dilemma
07/12/2023
Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season. 1. ...
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The controversial case of the taxpayer who claimed a loss on their home
06/12/2023
A decision by the Administrative Appeals Tribunal has the tax world in a flurry after the Tribunal found in favour of a taxpayer who sold ...
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Warning: Redrawing investment loans
17/11/2023
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big ...
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When is food GST-free?
17/11/2023
Chobani plain yoghurt is GST-free but Chobani’s ‘flip’ range is taxable? A recent case before the AAT demonstrates how fine the dividing line is between ...
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When trust distributions to a company are left unpaid
16/11/2023
What happens when a trust appoints income to a private company beneficiary but does not actually make the payment? The tax treatment of this unpaid ...
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