Tax Archive
Small BusinessTax
If you have business assets which are expected to decline in value over time, such as machinery, motor vehicles, furniture, computers and phones, it's likely that you would have claimed a depreciation expense.
Tax
Super guarantee (SG) contributions for the March quarter are due by 28 April. Remember, the ATO only consider an employee's super contribution as 'paid' on the date it's received by the super fund.
Tax
In a very quick turnaround from announcement to draft legislation, Treasury has released the exposure draft legislation for consultation to enact the Government’s intention to impose a 30% tax on future superannuation fund earnings where the member’s total superannuation balance is above $3m.
Tax
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.
Tax
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.
Tax
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions - changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses.
Tax
Not being paranoid or anything but we were curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the Australian tax system.
Tax
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget.
Tax
The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%.
Tax
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.
Tax
Here we are in 2023! A brand-new year with a set of a brand-new personal resolutions!
Tax
As part of the ATO’s response to COVID-19 and other natural disasters, they paused the recovery of debts, including offsetting credits and refunds to debts on hold to support economic recovery.
