ATO urges vigilance: new TFN and ABN scams
The ATO is urging people and businesses to be vigilant following an increase in reports [...]
Federal Budget fuel excise reduction: will all businesses benefit?
The uncertainty around availability of fuel has seen fuel prices soar across Australia. The 2022–2023 [...]
Employees vs contractors: more clarity coming
For many businesses, the line between employees and contractors is becoming increasingly blurred, partly due [...]
Tax News and Updates May 2022
ATO ramping up debt collection activities After some two years of leniency, the ATO is [...]
Work test scrapped for super contributions: under 75s
From 1 July 2022, people aged between 67 and 75 will be able to make non-concessional [...]
Downsizer contributions: age limit change
To help those nearing retirement boost their super balances, people aged 65 and over can [...]
FHSS maximum releasable amount increased
The maximum amount that individuals can take out of their superannuation under the First Home [...]
Record-keeping education in lieu of ATO financial penalties
If you run a small business and are found by the ATO to have made [...]
Tips in Preparing the 2022 FBT Return
31 March 2022 is an important date in the Tax calendar as it marks the [...]
Temporary full expensing of assets extended
The availability of temporary full expensing of depreciating assets for business has been extended for [...]