by admin | Apr 14, 2023 | Did You Know, News
From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term accommodation to report their transactions to the ATO each year. From 1 July 2024, the regime will expand to include all other platforms....
by admin | Apr 11, 2023 | Did You Know, News
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider. Business transactions often include earn-out clauses where the vendors ‘earn’ part of the purchase price based...
by admin | Apr 7, 2023 | Did You Know, News
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right? There a...
by admin | Apr 5, 2023 | Did You Know, News
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. The FBT exemption for electric cars If your employer provides you with the use of a car that is...
by admin | Apr 1, 2023 | Did You Know, News
The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update on the important issues to you, your superannuation and your business. Little has been released to date on the impending Budget beyond the tax on super balances above...
by admin | Mar 17, 2023 | Did You Know, News
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
