Blog

The way in which our tax laws operate with regard to tax revenue collection interactions between the ATO and Australian taxpaying citizens changed dramatically just over 30 years ago when the then Treasurer Paul Keating introduced the Taxation Laws Amendment Act...

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LawStockHome
When commencing any self managed superannuation fund (SMSF), there is one over-riding expectation that an adviser will most likely drum into newby trustees again and again — that their fund must meet the sole-purpose test. This is not only to...

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Whether your client is running a business or is just an individual trying to make ends meet, there is nothing worse for them than to find they have a tax debt owing to the ATO, which most likely will also...

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DebtBrainHome
The failure of the Superannuation Guarantee Amnesty to pass into law has led to a problem. To recap, the Superannuation Guarantee Amnesty was to be available for the 12-month period from 24 May 2018 to 23 May 2019. To get...

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HeadHoldHome
The now common and still growing phenomenon of peer-to-peer goods exchange sites such as Gumtree or Facebook groups can throw up some interesting scenarios regarding the acquisition of claimable assets and the consequent work-related or business expense deduction claims. In...

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SwapMeetHome
In May 1919, a group of businessmen formed an association in Melbourne, which at the time was Australia’s capital city and the seat of government. The Great War had ended only six months before, but the citizens were concerned that...

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SydneyHarbourHome
Inheriting a home, or at least a legal interest in one, could be the largest windfall gain that many Australians ever experience – a gain which can be maximised by the CGT exemption under the “sale within two years” rule...

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BalanceHouseHome
Most taxpayers are aware that donations of $2 or more are deductible, and there is flexibility in the rules around donating to emergency relief bodies in that no receipt is required if giving less than $10 (so called “bucket” donations). For...

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BucketCoinsHome
Among the first batch of tax legislation the government dealt with in the new year was a bill that contained changes to the “same business” test.   The same business test is relevant in a number of contexts, but most...

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Monthly Newsletter – March 2019
Your smaller employer clients will soon be asking (if they haven’t already) for information and guidance on transitioning to the new way to report tax and superannuation information to the ATO — Single Touch Payroll (STP). Once an employer starts...

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