There are two ways that tax practitioners can look at the election result — and these have nothing to do with the shades of blue or red that may have tinged your voting intentions in the lead up to May...

Read More

“Mortgage offset accounts”, “offset home loan”, “interest offset account” or simply “offset account” — they are all interchangeable labels for the same financial product provided by banks. It is essentially a savings account that is linked to a loan account....

Read More

Most people have a tax planning opportunity， so now is the time to start considering your financial position and what you expect your tax to be for 2019. So, get ‘Cooking’ in your business! 大多数人每年都有一个税务计划的机会, 所以现在应该把握这机会，开始考虑你的财政状况和你想在2019 财务付多少税。现在是时候为你的生意开始‘烹饪’你的美味佳肴了。 Some opportunities to...

Read More

This financial year is almost over, but there are still tactics you may be able to employ to make sure you pay the right amount of tax for the 2018-19 year. While the best strategies are adopted in July (that...

Read More

Tax invoices are an essential element of Australia’s taxation system, and serve both to collect taxation revenue related to the goods and services on which GST is levied as well as record the credits that are claimable by eligible businesses....

Read More

With the 1 July 2019 deadline for smaller employees to start reporting via Single Touch Payroll (STP) looming large on the horizon, Tax & Super Australia speaks with Assistant Commissioner John Shepherd, the ATO’s STP program lead, about the STP...

Read More

There is a concession in the CGT rules that can allow a taxpayer to treat a property as their “main residence” even though it does not yet have a habitable dwelling. It is a widely recognised fact that an exemption...

Read More

Trusts continue to be newsworthy, particularly when our political parties are in election mode and they want to appeal to the vast majority of Australians who are pay-as-you-go (PAYG) taxpayers. The reform of trusts was put back in the spotlight...

Read More

The ATO provides tailored technical assistance in some circumstances, which can be provided either orally or in writing, depending on the nature and complexity of each query. A taxpayer or their adviser may need to seek tailored technical assistance if:...

Read More

The 2019 full Federal Court decision in Harding v Commissioner of Taxation may make it easier for expatriates to prove that they are non-residents for tax purposes. By doing so, only their Australian-sourced income has to be declared on their tax return...

Read More