Intensified Scrutiny on Professional Services

Intensified Scrutiny on Professional Services

May 2, 2024 | Taxation, Trust Accounts

The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the Administrative Appeals Tribunal demonstrate how serious the Australian Taxation Office (ATO) is about making sure professional...
The Fringe Benefit Tax Traps

The Fringe Benefit Tax Traps

Apr 12, 2024 | Fringe Benefit Tax, Taxation

The Fringe Benefits Tax year (FBT) ended on 31 March. We explore the problem areas likely to attract the ATO’s attention. Electric vehicles causing sparks In late 2022, the Government introduced a concession that enables employers to provide some electric vehicles to...
The ATO Agent Nomination Process

The ATO Agent Nomination Process

Nov 17, 2023 | 2023, Superannuation, Taxation

Wondering about the ATO agent nomination process? If you are an existing client, you may not need to do anything. If you are a new client we’ll send you information about the steps required to link to us.   Because you are a new client, or your existing...
Is a second job worth it?

Is a second job worth it?

Aug 23, 2023 | Taxation

In an Uber the other day, the driver revealed that he had become a driver to pay for his second mortgage. He invested in property but with interest rates spiking, the only way he could hold onto the property was to earn additional income. His “day job” starts early...