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The assault on professional services
April 24, 2024The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two…0 -
Non-compete clauses and worker restraints under review
April 17, 2024A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement.… -
Warning on SMSF asset valuations
April 17, 2024The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that… -
The super cap increase
March 20, 2024From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage… -
The ATO Debt Dilemma
March 20, 2024Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had… -
Getting back what you put in: Loans to get a business started
March 11, 2024It’s not uncommon for business owners to pour their money into a business to get it up and running and… -
Revised stage 3 tax cuts confirmed for 1 July
March 11, 2024The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Before the… -
The Fringe Benefit Tax traps
March 11, 2024The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s… -
Can my SMSF invest in property development?
February 13, 2024Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially… -
When the evidence doesn’t match what the taxpayer tells the ATO
February 13, 2024A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax…