his month’s edition of our client newsletter sets out six different strategies for boosting your superannuation nest egg while potentially saving on tax. This is followed by an item that explains what happens to your tax status on leaving Australia...

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Daily Update for Mon 11 March 2023 There will be no Daily Update published on Monday 11 March 2024due to the Public Holiday in Victoria.Publication of the Daily Update will resume on Tuesday 12 March 2024 Super on Government Paid...

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This edition of our client newsletter features a run down on what taxpayers can do to maximise the benefits of the Stage 3 tax cuts that have recently been passed by Parliament. It explores some options for shifting taxable income...

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Court rules settlement payment an ETPThe Federal Court has affirmed a decision of the AAT that a settlement payment of $505,000 received by taxpayer in “settlement of claims for breach of employment agreement and misleading or deceptive conduct” was an...

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OECD model: tax reporting in the gig economy The OECD has released a publication entitled “Model Reporting Rules for Digital Platforms: Frequently Asked Questions”. It aims to provide a standardised tax transparency framework in relation to income derived through the "sharing" and "gig"...

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New appointments to ACNC Board  The Government has announced eight new appointments to the Australian Charities and Not‑for‑profits (ACNC) Advisory Board as follows: Ms Sarah Davies as the part-time Chair and general member; Ms Heather Watson as the part-time Deputy...

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ATO reminder: Second-hand depreciating assets and rental properties The ATO has issued a reminder to tax-agents that (subject to certain exceptions) since 1 July 2017 their clients can’t claim the decline in value of “second-hand depreciating assets”, unless: the property...

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TPB releases its 2023–24 Corporate Plan The Tax Practitioner Board (TPB) has released its 2023–24 Corporate Plan. It outlines the TPB’s key activities and the performance measures we will apply as we continue to deliver on our purpose, supporting public...

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Do you operate your business via a family trust? If so, there is good news on the tax distribution front. The ATO, via a decision impact statement, has now conceded that it will have to amend its position on trust distributions....

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