We keep you informed on the latest accounting, business taxation and audit news for small, medium and family businesses.


The ATO’s final position on risky trust distributions

28th March 2023|Accounting, News, Taxation|

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?

28th March 2023|Accounting, News, Taxation|

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

28th March 2023|Accounting, Taxation|

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

12th December 2022|Accounting, News, Taxation|

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?

12th December 2022|Accounting, News, Taxation|

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

12th December 2022|News, Taxation|

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?

28th September 2022|Accounting, Taxation|

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

28th September 2022|Accounting, Advisory, Taxation|

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

28th September 2022|Accounting, Taxation|

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

23rd June 2022|News|

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?

23rd June 2022|Accounting, Taxation|

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?

23rd June 2022|Accounting, News, Taxation|

A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For business Superannuation guarantee increase to