Your Knowledge
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 56 min read
Is your family home really tax free?
The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving ta
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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 61 min read
What’s changing on 1 July 2024?
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny.
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Your Knowledge
Jun 63 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 61 min read
5 million+ struggle with mortgage payments
ASIC’s Moneysmart reveals that 47% of Australian adults with debt, have struggled to make repayments in the last 12 months.
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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 72 min read
Accessing money in your SMSF
The ATO has made a call to professional accountants to help identify and manage illegal early access to superannuation by members of...
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Your Knowledge
May 76 min read
Should you be the ‘bank of Mum & Dad’?
The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst. The average price of a home in...
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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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