The In’s and Out’s of PAYG
We have many clients asking us, what is PAYG, why do I need to pay the ATO upfront and how…
ATO Archive
- Tax ·
Professional Services Firm Profits Guidance Finalised
The Australian Taxation Office’s finalised position on the allocation of profits from professional firms starts on 1 July 2022.
Understanding Your Profit & Loss and Balance Sheet Statements
As a business owner it’s crucial that you keep track of your finances. You don’t need to be an expert…
Update on Temporary Full Expensing – Will It Affect Your Business?
Temporary full expensing (‘TFE’) provides support for businesses, and it encourages investments. Is your business eligible to claim an immediate…
- Tax ·
The ‘Backpacker Tax’ and the High Court
The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact.
- Tax ·
If Santa was an Australian tax resident
A lighter look at the complexity of Australian taxation laws and the year that has been.
ATO reminder regarding inactive ABNs
The ATO has advised that inactive Australian Business Number’s may soon be automatically cancelled in a current review. Those who…
- Tax ·
Overseas gifts and loans in the spotlight
The ATO has recently issued an alert on gifts or loans from overseas. The ATO is particularly concerned about schemes…
Tax and the Normalisation of Cryptocurrency
In early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the ability to…
How Do I Declare My Income As An Influencer?
As an Influencer, it’s important that you declare your assessable income from all sources that it has obtained from which…
- Blog ·
Lock-downs: What help is available
The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and…
ATO chases $172bn in undeclared contractor income
The ATO has urged businesses to come clean on $172 billion worth of payments to contractors as it gets tough…
