- Tax ·
2021-22 Federal Budget – The Balancing Act Budget
There's something for everyone in the 2021-22 federal budget! Big Cash Flow for Business Investments in Assets, Reduced Company Tax…
Blog Archive
- Property ·
Tax exemption for ‘granny flat’ arrangements
To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all…
Business Bust-up
One thing that is nearly as awful as getting divorced from your spouse, is to go through a toxic business…
- Tax ·
The Tax Handling of Cryptocurrencies in Australia
Cryptocurrency has been the term on everyone’s mind lately, the ATO is figuring out how to be sure that investors…
- SMSF ·
The 1 July 2021 superannuation changes
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you…
Penalties will recommence: ATO restarting debt recovery action
Taxpayers defaulting on tax debts and lodgement requirements can soon expect contact from the ATO as it confirms the recommencement…
ATO chases $172bn in undeclared contractor income
The ATO has urged businesses to come clean on $172 billion worth of payments to contractors as it gets tough…
Why are some businesses returning JobKeeper?
Companies that received JobKeeper and subsequently paid dividends to shareholders and executive bonuses have come under particular scrutiny, not just…
- Tax ·
ATO’s good-faith approach to crypto won’t last much longer
The ATO has upheld its good-faith approach to the accounting of cryptocurrencies, however it isn’t likely to last much longer.
Insolvencies rise by 61% in February
External administrations increased by 61 per cent over the last month, stirring fears that more businesses will need to close…
FBT 2021: Tax & Employee Benefits
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork.…
Winding-up: Simplifying small business insolvency
On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for…
