News

Bah Humbug: The Christmas Tax Dilemma
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.

The Controversial Case of the Taxpayer Who Claimed a Loss on Their Home
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

December 2023 Essential Tax Summary
What did I miss? This month, the controversial decision in the Bowerman case where a taxpayer successfully argued that she should be entitled to claim

December 2023 Tax Due Dates
Key lodgment and payment dates for business for December. 1 December Pay income tax for taxable large and medium taxpayers, companies and super funds. Lodgment

Warning: Redrawing Investment Loans
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

The Missing $3.6bn Super Guarantee Payments
Workers owed $3.6bn in super guarantee Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a

November 2023 Tax Due Dates
Key lodgment and payment dates for business for November. 21 November Lodge and pay October 2023 monthly business activity statement. 25 November Lodge and pay

November 2023 Essential Tax Summary
What did I miss? The Bendel case (Bendel and Commissioner of Taxation [2023] AATA 3074) caused a stir when the AAT decided that unpaid trust

Self-education: What Can You Claim?
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and

$20k Deduction For ‘Electrifying’ Your Business
Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how

The ‘Airbnb’ Tax
Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators. The Victorian

Highlights From 2023-2024 NSW State Budget
A number of taxes and duties will be changing in early 2024 as a result of the NSW Government’s 2023-2024 State Budget. Zero and low
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