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‘OnlyFans’ Tax Risk Warning
The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the

ATO Rental Property Blitz
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on

May 2023 Essential Tax Summary
1.7 million taxpayers will be drawn into the ATO’s residential investment property data matching program utilising bank data. The focus is on taxpayers incorrectly apportioning

Budget 2023-24
The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to

April 2023 Tax Due Dates
Key lodgment and payment dates for business for April. 21 April Activity statements March monthly activity statements – final date for lodgment and payment. Quarter 3 (January–March)

Company money: A guide for owners
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is

How does tax apply to electric cars?
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on

April 2023 Essential Tax Summary
Part IVA is the general anti-avoidance provision that the ATO can use to attack arrangements contrived to obtain tax benefits. So why is the ATO

The Benefits and Pitfalls of Royalty and Interest Payments in International Tax Planning
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

What will the ATO be Asking about your Holiday Home?
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

The ‘Super’ Wars
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget.

What’s the Deal with Working from Home?
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
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