Feb 9, 2023 | 2023, Capital Gains Tax, retirement, Superannuation
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity...
Nov 18, 2022 | Land Tax, Taxation
Foreign owner surcharge land tax From the 2023 land tax year, the surcharge land tax payable on residential land owned by foreign persons increases from 2% to 4% of the taxable value of the residential land owned at midnight on 31 December 2022. Early Payment Discount...
Oct 5, 2022 | Single Touch Payroll
If you’re not already using Single Touch Payroll Phase 2 in your payroll software, you may have more time before you have to start using STP 2. Talk to us today to check your payroll systems and software before upgrading to STP Phase 2. Employers should now know of...
Aug 12, 2022 | Fringe Benefit Tax, Taxation
Who Can & Can’t Access The New Exemption New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how. Electric vehicles (EV) represent just under 2% of the new car market...
Aug 12, 2022 | Capital Gains Tax, Cryptocurrency, Taxation
How To Claim Your Crypto Losses The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only reported in your tax return when you dispose of it...
