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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

March 2023 Essential Tax Summary
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%.

February 2023 Essential Tax Summary
The Final Guidance on s100A The ATO has released its final position on the application of section 100A targeting situations where a trust appoints income

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
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