The ATO’s final position on risky trust distributions
Author: Rohan Toon The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions - changing the goal
What’s the deal with working from home?
Author: Karina Heydon The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the
FBT-free Electric Cars
Author: Shaun Allen The Bill containing the FBT exemption for electric cars passed through Parliament on 28 November 2022 and has passed Royal Assent. Electric vehicles
Queensland scraps new land tax changes
Queensland backs down on Australia wide land tax assessment The Queensland Government has backed away from an amendment that would have seen the
Stage-three tax cuts: what are they, how do they work and why do they exist?
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of
Our top 4 Christmas tax questions
Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are our 4 top issues: Staff
Can I claim my crypto losses?
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that
How to sell your business
We’re often asked the best way to sell a business. There are two key components at play in the sale of a business:
Tax and the Family Home
Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence
Spend $100 and get a $120 tax deduction
It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will
Where are you making mistakes in your tax?
The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian
What tax changes are taking effect on 1 July 2022?
A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For business Superannuation guarantee increase to