In this article we explore the changes to the individual tax rates that apply from 1 July 2024 together with some opportunities for tax planning. Finally we review working from home deductions and the need for appropriate recordkeeping.
Read MoreIn this article we remind you of recent changes relating to Superannuation as we move to the 2024/25 financial year and those opportunities that exist for year end planning
Read MoreIn this article we summarise some key opportunities leading into the financial year end and some crucial dates to be aware of for reporting purposes
Read MoreThe ATO remain concerned with how taxpayers are claiming their investment properties.
This article highlights the most common tax deductions available to investment property owners.
We are often asked what items to provide at our tax return interviews for our business clients. This article summarises the main items we use.
Read MoreWe are often asked by clients what items to provide or have at our tax return interviews. This article summarises the main items we use to prepare your returns.
Read MoreChanges have been made to how working from home deductions are calculated. We summarise these changes and the important record keeping requirements that result.
Read MoreFamily Trust distributions remain on the ATO radar. We recommend you review your trustee determinations to ensure they remain effective.
Read MoreThe ATO are targeting some specific areas of focus this year to ensure compliance and integrity within tax system.
Read MoreAre you at risk of an ATO audit?
Are you returning appropriate taxable income for the value of services you provide?
Where do you fit in the ATO's new guidelines?
All employers must now be reporting their payroll regularly with the ATO and ensuring that they are using STP enabled software
Read MoreThe government has been moving toward a new system of how employers report their employees tax and super information to the Australian Taxation Office (ATO).
Known as Single Touch Payroll (STP), the employer sends their employees tax and super information to the ATO each time they run their payroll or pay their employees. Recent changes to legislation require employers with as little as one employee to report from 1 July 2019.
Foreign investors disposing of property in Australia are subject to withholding of tax, however the onus is on the seller to prove they are not a foreign resident.
Read MoreSophisticated tax scam techniques are being used to defraud Australians.
Now the New Year is here it’s time to action the items on the to-do list (talk to Mel, Bill or Simon for help):
A quick snapshot of the FBT and other rules on Christmas parties and gifts.
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