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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
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
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