Owners of lifestyle assets beware, the ATO has extended its data-matching program for another 2 years. The lifestyle assets data-matching program has been running since February 2016 and in the […]
With tax time well and truly upon us, many of us will be looking at what deductions we can claim in this year’s tax return. If you’ve donated money through […]
As many tenants and landlords turn their attention to their 2020-21 tax returns, one of the big questions is perhaps how they should treat rental concessions provided and received during […]
Following on from the revelation that the bulk of tax collected by the ATO comes from individual taxpayers, it comes as no surprise that the ATO is continuing to target […]
With more and more States going into lockdown to slow the spread of the Delta strain, many businesses and individuals will be feeling the financial pressure from losing sales and […]
With the advent of a new financial year, there is an important change from 1 July 2021 that employers should be aware of. The rate of super guarantee you’re required […]
Div 7A was conceived as a means to ensure that income was not inappropriately sheltered in closely held corporate structures at the corporate tax rate. It does so by deeming […]
The meteoric rise of cryptocurrency (crypto) and NFTs (non-fungible tokens) has raised many eyebrows and has now also caught the attention of the ATO. Whether you’re trading crypto or NFTs […]
If your business is experiencing serious hardship or financial difficulties, you may be able to get priority processing on your tax return which will enable you to get your refund […]
Contrary to popular belief, your SMSF can actually invest in collectables such as artworks, jewellery and wine as well as personal use assets such as boats, classic cars or other […]
