Taxing fame: The ATO’s U-turn

by | Nov 30, 2022 | Uncategorized

Sports people, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. If you’re famous and make an income from your fame and image, the way the ATO believes you should be taxed on the income...

Scams and how to avoid them

by | Nov 29, 2022 | Uncategorized

I got a text the other day “Hi Mum, I have broken my phone and I am using this number.” The “Hi Mum” scam has exploded with more than 1,150 Australians falling victim to the ploy in the first seven months of 2022, with total reported losses of $2.6 million. Once the...

To cut or not to cut? Stage three personal tax cuts

by | Oct 18, 2022 | Uncategorized

In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later,...

States move on property based taxes

by | Oct 18, 2022 | Uncategorized

Queensland backs down on Australia wide land tax assessment The Queensland Government has backed away from an amendment that would have seen the land tax rate for investment property in Queensland assessed on the value of the investor’s Australia wide land holdings...