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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...
10


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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Your Knowledge
Apr 12, 20245 min read
Warning on SMSF asset valuations
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self...
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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
Mar 12, 20241 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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Your Knowledge
Mar 12, 20243 min read
How to take advantage of the 1 July super cap increase
From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change. The amount you...
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Your Knowledge
Mar 12, 20243 min read
Getting back what you put in: Loans to get a business started
It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive...
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Your Knowledge
Dec 20, 20235 min read
Bah humbug: The Christmas tax dilemma
Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season. 1. Keep...
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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
Dec 20, 20233 min read
The key influences of 2024
Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024? We explore some of the key...
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Your Knowledge
Dec 20, 20232 min read
Tax on super balances above $3m hits Parliament
Legislation enabling an extra 15% tax on earnings on super balances above $3m is before Parliament. While not a concern for the average...
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