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Your Knowledge
Mar 12, 20244 min read
The Fringe Benefit Tax traps
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention. Electric...
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Your Knowledge
Mar 12, 20242 min read
The ATO Debt Dilemma
In 2023, the Australian National Audit Office advised the ATO that excluding debt from being offset was inconsistent with the law, regardles
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Your Knowledge
Feb 8, 20243 min read
Stage 3 personal income tax cuts redesigned
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the...
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Your Knowledge
Feb 8, 20243 min read
The problem when the evidence doesn’t match what the taxpayer tells the ATO
A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax...
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Your Knowledge
Dec 20, 20233 min read
The controversial case of the taxpayer who claimed a loss on their home
A decision by the Administrative Appeals Tribunal has the tax world in a flurry after the Tribunal found in favour of a taxpayer who sold...
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Your Knowledge
Nov 13, 20232 min read
Warning: Redrawing investment loans
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax...
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Your Knowledge
Oct 11, 20234 min read
Self-education: What can you claim?
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of...
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Your Knowledge
Sep 7, 20234 min read
The Billion Dollar TikTok Scandal
$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100...
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Your Knowledge
Sep 7, 20232 min read
The case of the taxpayer who was paid too late
What a difference timing makes. A recent case before the Administrative Appeals Tribunal (AAT) is a reminder about the tax impact of the...
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Your Knowledge
Aug 10, 20234 min read
Why is my tax refund so small?
The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive...
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Your Knowledge
Aug 10, 20234 min read
Succession: What does it take to hand your business to the next generation?
What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully...
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Your Knowledge
Aug 10, 20235 min read
Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the...
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