Alert: Cancellation of Low and Middle Income Tax Offset May 16, 2023 The Low and Middle Income Tax Offset (LMITO) was available for individual taxpayers for the 2018-19 to 2021-22…
ATO Crackdown on Residential Property Investors May 16, 2023 The ATO has announced the commencement of a data-matching program for residential property investors through loan data from…
Small Business Energy Incentive Proposal May 16, 2023 The Federal Government has announced a Small Business Energy Incentive as part of the 2023-24 Federal Budget, which…
2023 Federal Budget Highlights May 9, 2023 The Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. The following is…
New Family Trust Tax Rules – Will the Changes Impact You? May 4, 2023 If your trust pays adult-child beneficiaries, then you’ll need to know how the new ATO tax guidance rules…
Electric vehicles now exempt from FBT May 2, 2023 Employers who provides an employees with an electric vehicle will now get an exemption from fringe benefits tax…
Electric vehicles home charging expenses — compliance guideline April 29, 2023 The ATO has released a draft compliance guideline to address the compliance challenges faced by taxpayers in relation…
Super Guarantee Rate Rises in July 2023 to 11% April 29, 2023 On 1 July 2023, the superannuation guarantee statutory rate will rise from 10.5% to 11%. Annually, the rate…
Working from home deductions from 1 July 2022 February 23, 2023 In December 2021, we featured a blog article titled Working From Home Deductions – What can you claim?…