As a part of an economic package to help businesses recover from the impacts of the COVID-19 pandemic, the government provided cheap credit to qualifying small and medium enterprises in […]
The director identification regime is now in place. If you’re a director of a corporate trustee of an SMSF, you’ll need to apply for a director ID number online through […]
Since the heady days of 2012, when the ATO published its first tax gap estimates by releasing the GST and LCT (luxury car tax) gaps, the latest figures released by […]
The Commissioner of Taxation, Chris Jordan, spoke recently at a conference about what’s in store for the ATO including upcoming changes, transformations, aspirations for the future, as well as support […]
Most of Australia has been experiencing a building boom fuelled by government policy such as the HomeBuilder scheme and a general desire to make our living spaces better as we […]
The government has recently introduced a raft of superannuation and related changes that will affect retirees, first home buyers, and low earning employees. Each of the changes are explained in […]
If you’re a small business owner and the pandemic has made you reassess your future, whether it be retirement or selling your business and starting afresh somewhere else, just remember […]
As the year draws to an end, the ATO has extended another data-matching program, this time into the Medicare Exemption Statement (MES). The MES is a statement that outlines the […]
Businesses and individuals that sell cars in the course of their business over a certain threshold (the luxury tax threshold) is subject to luxury car tax (LCT). This is a […]
In a decision with wide reaching implications, the High Court has confirmed once and for all that the so called backpacker tax imposed on a working holiday maker from the […]
