Accounting and Tax

Tax Alert March 2024

Tax Alert March 2024

New controls for ATO Online and tax charges non-deductible. Following the use of stolen personal data to access ATO Online accounts, the federal government has tightened access rules to online tax accounts as part of an increased focus on the vulnerability of small...

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Tax changes – what it will mean for you

Tax changes – what it will mean for you

Prime Minister Anthony Albanese recently announced proposed changes to address ongoing cost of living pressures with all 13.6 million Australian taxpayers receiving a tax cut from 1 July 2024, compared to the tax they paid in 2023-24.i Now is the time to assess what...

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Tax Alert December 2023

Tax Alert December 2023

The ATO is getting back to business. The lenient approach taken by the ATO during the pandemic is over, with its focus now returning to traditional debt collection. With several key areas under the spotlight, some small businesses should consider taking advantage of...

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Tax Alert September 2023

Tax Alert September 2023

Lodgement amnesty and new landlord data matching program. While the government is boosting the tax deductions available for small business spending on staff training, other taxpayers such as landlords are facing closer scrutiny from the Australian Taxation Office....

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Trusts and new super tax rules

Trusts and new super tax rules

Ensuring you’ve structured your finances tax-effectively is always a concern, but with new tax rules for super on the horizon, many people with large balances are considering alternative vehicles to save for retirement. Unsurprisingly, this has sparked a renewed...

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Tax Alert June 2023

Tax Alert June 2023

Although this year’s Federal Budget was short on big changes when it came to tax, there have still been some important developments in this area. Here are some of the latest developments in the world of tax. Small business tax incentives and write-offs The budget...

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Illegal early SMSF access on the radar

Illegal early SMSF access on the radar

Since the Albanese Government announced its intention to double the tax on investment earnings for super account balances over $3 million, there has been lots of talk about taking money out of self-managed superannuation funds (SMSFs) to avoid the tax hikes. As SMSF...

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Tax Alert March 2023

Tax Alert March 2023

Family trust rules and new guidance on contractors The Australian Taxation Office (ATO) has confirmed its position on family trust distributions, while also providing employers with new information to simplify completion of Single Touch Payroll (STP) activity...

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Get set for eInvoicing

Get set for eInvoicing

The rollout of electronic invoicing (or eInvoicing) is gaining momentum in Australia – and globally – as a new and more efficient way to deal with the paperwork involved in sending and receiving business invoices and procurement documents. For small business owners,...

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Tax Alert December 2022

Tax Alert December 2022

Tax compliance, higher fines in spotlight Business taxes remained largely unchanged in the second Federal Budget of 2022, but employees working from home can expect less generous deduction rules for the 2022-23 financial year. Here’s some of the latest tax...

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Tax Alert September 2022

Tax Alert September 2022

With the tax regulator taking a more aggressive approach to tax debts and reviewing work from home deduction rules, tax issues could become a higher priority in 2022-23. Here’s a roundup of some of the latest developments in the world of tax. Consultation on working...

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