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...
by admin | Dec 12, 2023 | Did You Know, News
who claimed a loss on their home. A decision by the Administrative Appeals Tribunal has the tax world in a flurry after the Tribunal found in favour of a taxpayer who sold the apartment she lived in for a loss, then claimed the $265,935 loss in her tax return...
by admin | Dec 12, 2023 | Did You Know, News
Legislation enabling an extra 15% tax on earnings on super balances above $3m is before Parliament. While not a concern for the average worker, if enacted, those with significant property or other illiquid assets in their superannuation fund are most at risk,...
