Practice News
Your Knowledge Update – December 2024
Inside this month’s Your Knowledge Update – Tax and Christmas Gifts and Parties and What’s ahead for 2025. Download this month’s issue here: Your Knowledge ...
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ATO Data Matching – Lifestyle Assets
The Australian Taxation Office (ATO) continues to broaden and improve its data-matching programs. One is the Lifestyle Assets Data Matching Program, which targets ownership of ...
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ATO Processing Income Tax Returns for Deceased Clients
Recently we have been noticing changes in the way the Australian Taxation Office (ATO) are processing personal tax returns for recently deceased clients. To have ...
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Your Knowledge Update – November 2024
Inside this month’s Your Knowledge Update – Planning Christmas with cost of living pressures, when overseas workers are Australian employees and Student loans. Download this ...
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Granny Flat Arrangements
If you are providing housing for life to people who have reached pension age, or require assistance due to a disability, you may be entitled ...
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Superannuation Contributions – A Refresher
We are currently seeing an increase in ATO compliance activity for late employer superannuation contributions. So this seems like a good time for a refresher ...
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Your Knowledge Update – October 2024
Inside this month’s Your Knowledge Update – Implications for employer with Payday Super, Ban on Genetic Testing and the tax implications for property inheritance. Download ...
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Base Rate Entity and Impact of Capital Gains
A company is a Base Rate Entity (BRE) for an income year if: the company’s aggregated turnover for that income year is less than the ...
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Your Knowledge Update – September 2024
Inside this month’s Your Knowledge Update – Tax Fraud Scams, Property and ‘Lifestyle’ Assets and is the RBA to blame for the economic state of ...
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Small Business Energy Incentive
For the 2024 financial year, there are opportunities to help your business become more energy efficient while maximising your tax deductions through the Small Business ...
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Your Knowledge Update – August 2024
Inside this month’s Your Knowledge Update – When is a gift not a gift and Divorce, you and your business. Download this month’s issue here: ...
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Apportioning rental expenses for renting out part of your home
Renting out part of your home can be a great way to generate extra income, but it also brings certain tax obligations. One of the ...
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Employee vs Contractors – Your obligations as an employer
A common issue that employers often face is the employee vs contractor relationship and the obligations that may arise. These obligations include PAYG Withholding, Superannuation ...
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Instant Asset Write-Off Threshold
Legislation was recently passed that increased the instant asset write-off threshold to $20,000 for 1st July 2023 to 30th June 2024. Eligibility to access the ...
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Your Knowledge Update – July 2024
Inside this month’s Your Knowledge Update – Your guide to what’s ahead for 2024-2025. Download this month’s issue here: Your Knowledge July 2024
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Vale Paul Tierney
We are very sad to announce the passing of Paul “Bluey” Tierney, who left us peacefully this weekend, surrounded by family, at the age of ...
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End of Year Payroll
With the start of the new financial year upon us, business with employees need to turn their attention to completing their payroll for the previous ...
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Your Knowledge Update – June 2024
Inside this month’s Your Knowledge Update – Your guide to 30 June, ATO’s warning on Trust Distributions, and 1st July, 2024 changes. Download this month’s ...
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