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 [...]
Support for flood-ravaged areas
The recent devastating flooding in South East Queensland and parts of New South Wales has [...]
SMSFs investing in crypto-assets: be informed and keep records
According to the Australian Securities and Investments Commission (ASIC), there has recently been a surge [...]
Contributions into SMSFs: minimum standards
There are many compliance obligations for trustees of self managed superannuation funds (SMSFs). One of [...]
Tax debts may affect business credit scores
The ongoing COVID-19 pandemic has caused uncertainty in many parts of the economic and has [...]
Last chance to claim the loss carry-back
Businesses that need a little more financial help will have one last opportunity to claim [...]
Natural love and affection: commercial debt forgiveness
The ATO has recently finalised its stance on the issue of commercial debt forgiveness – [...]
Work-related COVID-19 tests may be deductible
After the recent furore over the non-existent supply of rapid antigen tests (RATs) and the [...]
ATO Cracking Down on Family Trust Distributions
The long-awaited draft guidance materials on the application and operation of section 100A of the [...]