by admin | Feb 13, 2024 | Did You Know, News
A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax position you are taking. The case involves heritage farmland originally purchased for $1.6m that sold 7 years later for $4.25m and...
by admin | Jan 30, 2024 | Did You Know, News
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. After much speculation, the Government has announced that they will amend the legislated Stage 3 tax cuts...
by admin | Jan 30, 2024 | Did You Know, News
Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the ATO warns. Where there is a written contract, the rights and obligations of the...
by admin | Dec 13, 2023 | Did You Know, News
As part of our Christmas cheer and spreading this to those around us, we are donating to 2 very worthy causes – The Smith Family and Orange Sky Australia. The reason for our choice is based on some of the programs both of these organisations provide. We consider this...
by admin | Dec 12, 2023 | Did You Know, News, Uncategorized
Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season. 1. Keep team gifts spontaneous $300 is the minor benefit threshold for FBT so anything at or above this level will mean that your...
