Our Insights
Notice of officeholder data-matching program
ATO’s Comprehensive Data Acquisition Program Here’s what you need to know The ATO will acquire officeholder data from ASIC, the Office of the Registrar of
Remember the two further ‘boosts’
Seizing Opportunities with New Small Business Deduction ‘Boosts’ Exploring the Skills and Training Boost and Small Business Energy Incentive Although the ‘Technology Investment Boost’ has
FBT time is fast approaching!
Navigating FBT Obligations: A Reminder from the ATO Stay Ahead of the Curve with Key Tasks and New Guidelines for Fringe Benefits Tax Time The
Penalties soon to apply for overdue TPARs
Important Notice: Lodging Taxable Payments Annual Report (TPAR) with ATO Avoid Penalties and Stay Compliant by Meeting TPAR Deadlines and Requirements Businesses that pay contractors
Changes in reporting requirements for sporting clubs
Annual Not For Profit Self-Review Returns Ensuring Tax Exemption Compliance for Sporting Clubs and Associations Not-for-profits (‘NFPs’), including sporting clubs, societies and associations with an
Deductions denied for work-related expenses
AAT Decision Highlights Importance of Substantiation for Work-Related Expense Claims Real Estate Salesman’s Deductions Disallowed Due to Lack of Substantiation The Administrative Appeals Tribunal (‘AAT’)
Claiming deductions in relation to a holiday home
Maximising Holiday Home Deductions A Guide to Valid Rental Expenses Taxpayers should remember that they can only claim deductions for holiday home expenses to the
Updated tax cuts approved by both Houses
Starting 1 July, a wider range of taxpayers will benefit from tax reductions as the tax cuts bill proposed by Labor has successfully passed through
Contributions caps increase July 1
Contribution caps to increase from 1 July 2024 Following the release of the latest Average Weekly Ordinary Time Earnings (AWOTE) index, the expected increase to
ATO warning regarding prohibited SMSF loans
Navigating Superannuation Compliance ATO’s Focus on Loans to SMSF Members Loans to members continue to be the highest reported contravention of the superannuation laws that
New ATO guidance on “who is an employee?”
ATO Clarifies Definition of ‘Employee’ for PAYG Withholding Purposes New Ruling Provides Guidance on Determining Employment Status The ATO recently issued a ruling which explains
Government announces changes to proposed ‘Stage 3’ tax cuts
New Changes to Tax Rates and Thresholds Raise Questions Amidst Speculation What You Need to Know Despite previous assurances, and after much speculation, the Government
