March 2023

International tax planning involves several strategies to reduce taxes for multinational corporations or businesses operating across multiple jurisdictions. One such strategy is to manage the payment of royalties and interest. Royalties and interest are common forms of payments made to entities that own intellectual property or have provided financing for a business. These payments can […]

Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise claims: How many days was it rented out and was the rent in line with market

The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to use a new ‘fixed rate’ method (67

The Government has announced that from 2025‑26, the concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. So much for no change! From 1 March 2023, clients will need to keep accurate records of when they work from home to be able to claim the updated 67