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Your Knowledge
Sep 12, 20242 min read
Property and ‘lifestyle’ assets in the spotlight
Own an investment property or an expensive lifestyle asset like a boat or aircraft?
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Your Knowledge
Sep 12, 20246 min read
It wasn’t me: the tax fraud scam
You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k.
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Your Knowledge
Aug 20, 20243 min read
The rise in business bankruptcy
ASIC’s annual insolvency data shows corporate business failure is up 39% compared to last financial year. The industries with the highest...
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Eugene Ferraro
Jul 9, 20242 min read
We have implemented a new ATO mail system
Our new ATO SmartDocs mailing system enables us to deliver ATO mail to clients in the most efficient and secure manner possible. What can...
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Your Knowledge
Jul 5, 20241 min read
Earned an income from the sharing economy?
It’s essential that any income earned from sharing economy platforms such as Airbnb, Stayz, Uber, etc., is declared in your tax return.
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Your Knowledge
Jul 5, 20241 min read
$20k instant asset write-off passes Parliament
Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year passed in Parliament.
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Your Knowledge
Jul 5, 20244 min read
What’s ahead for 2024-25?
As you would be aware (at least we hope so after a $40m public education campaign), the personal income tax cuts came into effect on 1 July
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Your Knowledge
Jun 6, 20243 min read
ATO fires warning shot on trust distributions
The ATO has warned that it is looking closely at how trusts distribute income and to who.
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Your Knowledge
Jun 6, 20248 min read
The essential 30 June guide
We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.
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Your Knowledge
May 7, 20243 min read
Company money crackdown
The ATO is cracking down on business owners who take money or use company resources for themselves. It’s common for business owners to...
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Your Knowledge
Apr 12, 20242 min read
Budget 2024-25
The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected...
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Your Knowledge
Apr 12, 20242 min read
The assault on professional services
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the...
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