With the ushering in of the new year, deductible gift recipient (DGR) reforms are now in place. The reforms were originally announced by the previous government in 2017 with legislation […]
Personal Services Income (PSI) generally only applies to individuals that receive more than 50% of their ordinary or statutory income from a contract as a reward for personal effort or […]
As a new calendar year commences, the ATO’s priorities in the SMSF sector remain consistent. As with previous years, the greatest area of concern for the ATO continues to be […]
The talk about the stage 3 tax cuts has reached fever pitch in recent days. The changes were originally legislated by the previous government in 2019 with support of the […]
In response to the tax adviser misconduct saga that unfolded during 2023, the government has identified several priority areas for action, including strengthening the regulatory regime and increasing the power […]
In response to various media commentary and public sentiment that foreign investors are one of the most significant factors causing the shortage of housing supply in Australia, the government has […]
Each year the ATO releases a report containing the latest annual statistical results for employer super guarantee (SG) compliance and obligations, and this year is no exception. According to the […]
Late last year, the ATO released a draft taxation determination (TD 2023/D4) on the deductibility of financial advice fees paid by individuals who are not carrying on a business. This […]
Following on from two prominent High Court decisions in Construction, Forestry, Maritime, Mining and Energy Union v Personnel Contracting Pty Ltd [2022] HCA 1 and ZG Operations Australia Pty Ltd […]
As previously flagged by the government and supported by many consumer advocates, the government is taking the first steps to introduce regulations for crypto exchanges and digital asset platforms in […]
