ATO targeting private not-for-profit schemes
As a part of its ever-tightening compliance net, the ATO has recently announced it is [...]
Upcoming FBT-related changes
Employers that have provided FBT car parking benefits for the 2022–2023 FBT year should be [...]
Working from home expenses: new fixed rate
A new revised fixed-rate method for calculating working from home expenses will soon apply. From [...]
SMSF changes and reminders for 2023
If you’re thinking of starting a self managed superannuation fund (an SMSF) in 2023, you [...]
Administrative Appeals Tribunal to be replaced
The Federal Government has announced that it will abolish the Administrative Appeals Tribunal (AAT) and [...]
Sharing economy reporting regime commences soon
As a part of the Federal Government’s strategy to combat the tax compliance risks posed [...]
Tax debts and relationship breakdowns: a warning
The ability of the Family Court to divide the assets owned personally by a couple [...]
Non-deductible threshold removed for self education expenses
Self education expenses are generally tax-deductible for individuals if there’s a sufficient connection with your [...]
Tax News and Updates September 2022
FBT exemption on electric cars The Government has introduced the Treasury Laws Amendment (Electric Car [...]
Thinking of ditching your SMSF?
Are you having doubts about using your self managed superannuation fund (SMSF) for your retirement? [...]