Resources for businesses

In TR 2023/1, the ATO offers valuable guidance on the four residency tests and highlights the relevant factors to consider when applying each test.

How the recently announce FBT exemption for electric vehicles will work for employers and employees.

Small businesses will be able to deduct an additional 20% of the cost incurred on business expenses and depreciating assets that support their digital adoption, such as portable payment devices, cyber security systems or subscriptions to cloud based services.

A look at how recent ATO announcements and guidance materials directly target how discretionary/family trusts have traditionally distributed trust income leaving many family groups to possibly pay higher taxes now (and potentially retrospectively).

Our new office location is 35 Oxford Close, West Leederville, WA 6007.

A brief summary of new requirements for all Directors of Australian companies, registered Australian bodies, registered foreign companies or Aboriginal and Torres Straight Islander corporations.

This article explores 5 tips from an accountant's perspective that may prove useful for small businesses.

On the 6th of October the Federal Government handed down the 2020-21 budget containing a number of key tax measures.

As a follow up to our previous post (Jobkeeper 2.0), below we run through some of the practical aspects that employers will need to cover off on now that Jobkeeper eligibility and rate changes have come into effect.

Changes to jobKeeper employee eligibility have now taken effect. Eligible employers now have until the end of August 2020 to satisfy the updated wage condition.

The JobKeeper wage subsidy has been extended until March 2021, with some changes and modifications to the amount of the payments and eligibility requirements.

Some tax planning initiatives to consider ahead of the end of the 2020 financial year.

Treasury and the Australian Taxation Office have now released the rules governing the jobkeeper scheme and the process for ensuring your payments to employees are eligible.

We have received an unprecedented number of enquiries on the operation of the jobkeeper scheme. In the absence of legislation providing any of the practical details on the operation of the scheme, we provide a preliminary Frequently Asked Questions

In this update we have summarised the announced measures and will update you as further measures are announced. With the legislation now passed and further details about the stimulus measures available, please feel free to contact us if you require any further information specifically targeted to your circumstances.

In this update we have summarised the announced measures and will update you as further measures are announced. If you require any further information or require assistance accessing any of the measures, please feel free to contact us.

From 1 July 2019, all businesses regardless of size will be required to report payroll under Single Touch Payroll rules.

Potential reforms currently being discussed by The Royal Banking Commission could have a devastating impact on the finance broking industry

The ATO will grant a buffer period of three months for small businesses to comply with the newly legislated extension of single touch payroll regime to all businesses.

Expatriates have recently had a win after a Full Federal Court decision against the ATO in a tax residency case clarified the definition of “permanent place of abode”.

Employers who deny their employees their superannuation entitlements face up to a year in jail under legislation drafted by the Federal Government.

Assistant Treasurer Stuart Robert has given the biggest hint that the government will not be proceeding with its controversial changes to the CGT main residence exemption as opposition grows

Over $1 billion will be pumped into the Tax Office to scrutinise tax avoidance schemes and strategies as the government looks to expand its crackdown on tax avoidance.

Now is your last chance to implement your tax planning affairs prior to the upcoming financial year ending 30 June 2019

Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 has been passed by the Senate today and now awaits royal assent.