Your Knowledge
$20k Small Business Energy Incentive
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction...
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Your Knowledge
May 4, 20235 min read
‘OnlyFans’ Tax Risk Warning
The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences...
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Your Knowledge
May 4, 20233 min read
ATO Rental Property Blitz
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses....
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Your Knowledge
May 4, 20232 min read
Access to home guarantee scheme expanded to friends and siblings
From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and...
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Your Knowledge
May 4, 20232 min read
Question of the month: Company loan to pay down the mortgage
A friend’s accountant suggested that they could reduce interest on non-deductible debt by using company cash to offset their personal...
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Your Knowledge
May 4, 20231 min read
Right to super to be enshrined in National Employment Standards
The Government has announced that it will enshrine a right to superannuation payments in the National Employment Standards (NES)....
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Your Knowledge
Apr 17, 20233 min read
How Does Tax Apply to Electric Cars?
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new...
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Your Knowledge
Apr 17, 20232 min read
Selling a business? The pros and cons of earn-out clauses
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner...
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Your Knowledge
Apr 17, 20231 min read
What sharing platforms are sharing with the ATO
From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term...
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Your Knowledge
Apr 17, 20234 min read
Company money: A guide for owners
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already...
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Your Knowledge
Apr 17, 20231 min read
Update: Tax on super balances above $3m
In a very quick turnaround from announcement to draft legislation, Treasury has released the exposure draft legislation for consultation...
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Your Knowledge
Apr 17, 20232 min read
Budget 2023-24
The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to you,...
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