May 17, 2024 | Federal Budget, Inflation, Taxation
The Federal Budget for 2024-25, the third handed down by Treasurer Jim Chalmers, delivered a back-to-back surplus for the first time in nearly 20 years built on high commodity prices and strong employment. Key features of this Budget include modified stage 3 tax cuts,...
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...
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...
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...
Sep 22, 2023 | 2023, Small Business, Taxation
Are you looking to purchase assets for your business? Eligible businesses can spend up to $20k per asset and immediately claim the tax deduction and GST. Talk to us about the best strategy for purchasing business assets. If your business is eligible, it may benefit...
