Blog Archives

Specific guidance on the GST implications for buy-now, pay-later providers has been published on the ATO legal database. The key issue in this area is determining the nature of the […]

The ATO has indicated that from June 2022 it will recommence offsetting client tax refunds or credits against tax debts that are on hold. Debts on hold are previous tax […]

The ATO has released some guidance on key issues to keep in mind when clients seek to claim deductions for donating cryptocurrency assets to charities. The starting point in these […]

The ATO has released some further comments in relation to the controversial draft guidance on section 100A. In seeking to provide reassurance to tax agents and taxpayers, the ATO has […]

The outcome of the Federal election leaves some question marks over certain tax measures that were announced in the recent 2022-23 Federal Budget, including the: skills and training boost for […]

When an individual makes a loss from a business that is carried on as a sole trader or in partnership with others, it is necessary to consider whether the loss […]

The priority areas for the ATO for the upcoming “Tax Time” 2022 have been announced. The ATO will be focusing on: Record-keeping Work-related expenses Rental property income and deductions, and […]

Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee […]

A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For business Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will […]

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 […]