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Your Knowledge
Jul 51 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 51 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 54 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 68 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 73 min read
Do your kids really want to take over your business?
Generational succession - handing your business across to your kids or family - sounds simple enough but, many families end up in a...
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Your Knowledge
May 73 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 122 min read
Non-compete clauses and worker restraints under review
A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities...
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Your Knowledge
Apr 122 min read
How much is my business worth?
For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement....
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Your Knowledge
Apr 122 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 122 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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Your Knowledge
Mar 122 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
Mar 121 min read
Revised stage 3 tax cuts confirmed for 1 July
The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Before the new tax rates come into effect,...
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