Inside this month, we explore the ATO's tax time targets and the common problem areas where perception does not match reality. Plus, what can we expect from the Albanese Government in a difficult environment?
Inside this month, we clear the confusion (as much as possible) on the 120% deduction for skills training and technology announced in the federal Budget. We also look at the ample number of changes coming into force from 1 July 2022. Finally, can you claim a deduction for your gym membership (and what the AAT has to say about this).
The 2022-23 Federal Budget is a safe, ballot box friendly Budget as expected with a focus on cost of living, home ownership, and health.
Inside this month, we explore the issues and the impact of the ATOs attack on trusts and trust distributions and the landmark High Court cases that changes the way the employer versus contractor relationship is defined.
Inside this month we explore what lies ahead of the Year of the Tiger economy, the finalised guidance from the ATO on professional firm profits, and the tax deductibility of RAT tests.
Inside this month we take a lighter look at the Australian tax laws and what might happen if Santa was a tax resident. Plus, the High Court has ruled that the ‘backpacker tax’ is discriminatory - we look at the implications.
Inside this month, we work through the process, timing and issues for establishing a Director ID under the new Director Identification Number regime that came into effect on 1 November. And, we incorporate the latest guidance from the ATO in our summary of the commonly asked questions about investing in blockchain.
It won't be long before we can stop talking about COVID-19 (won’t that be nice) but for now, with the Treasurer’s announcement that Commonwealth COVID-19 financial support will start to be withdrawn from 70% full vaccination and cease at 80%, that time is not now.
Inside this month we look at the process of unwinding the pandemic for a return to "normal". And, the new law that enables the ATO to share superannuation information with the family court during divorce proceedings and the superannuation gender divide.
Inside this month we look at Afterpay’s sales announcement (and the tax treatment of their shares if you happen to hold any), because we’re all a little curious about how you start a business in 2015 then sell it in 2021 for $39bn. A summary of available lockdown support for individuals and business, and growing your business value for succession planning.