News

The ATO’s Final Position on Risky Trust Distributions
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for

Is “Downsizing” Worth it?
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

Full Throttle in 2023
In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough. The downside of not taking time out

How Good is ChatGPT at Tax?
Not being paranoid or anything but we were curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its

Top Five Tips To Avoid A Financial Hangover This Christmas
The Christmas season is quickly approaching, and while it can be an exciting time of the year filled with family gatherings and gift-giving, it can

What do the ‘Secure Jobs, Better Pay’ reforms mean?
The Government’s ‘Secure Jobs, Better Pay’ legislation passed Parliament on 2 December 2022. We explore the issues. The Fair Work Legislation Amendment (Secure Jobs, Better

Avoiding the FBT Christmas Grinch!
It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant

December 2022 Tax Due Dates
Information for registered agents about preparing and lodging tax statements and returns due in December 2022. 1 December Pay income tax for taxable large and

December 2022 Essential Tax Summary
The transition period for Director ID numbers ended on 30 November. Just in time, the Commissioner has clarified the position on Directors who resign on

Can you prevent a hack?
In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act

30 November Director ID Deadline
The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022. LAll directors of a company, registered Australian

November 2022 Due Dates
Information for registered agents about preparing and lodging tax statements and returns due in November 2022. 21 NovemberLodge and pay October 2022 monthly business activity
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