Explore the ATO’s new approach to managing debts on hold for small businesses, understand offsetting, and discover solutions for effective debt management.
Offsetting credits and refunds from debts on hold Read More »
Discover the tax complexities of redrawing investment loans. This article sheds light on ATO’s scrutiny and the need for correct reporting.
Warning: Redrawing investment loans Read More »
Delve into the complexities of GST on food items, illustrated by Chobani’s case. Discover key insights into what makes food GST-free or taxable.
When is food GST-free? Read More »
Discover key insights on handling the tax implications of using business money or assets for private purposes. Essential steps for accurate tax reporting.
Using business money for private purposes: 2 steps to take Read More »
Explore the critical aspects of the proposed Australian legislation targeting deliberate wage theft, including hefty fines and new definitions for casual employees.
Up to 10 years in prison for deliberate ‘wage theft’ Read More »
Stay updated with the Dec 2023 changes to fixed-term employment contracts. This article explains the new limitations and their implications.
Fixed-term employment contracts limited to 2 years Read More »
Discover how small and medium businesses can maximise a 20% tax deduction on energy-efficient upgrades and electrification. This limited-time opportunity is set to expire by June 30, 2024. Find out what qualifies.
$20k deduction for ‘electrifying’ your business Read More »
What can be claimed for self education? We break down the dos and don’ts of claiming education expenses. Make sure your claims align with your work for the best tax benefits.
Self-education: What can you claim? Read More »
Short stay, big tax: What Airbnb hosts need to know. Property investors using Airbnb-style rentals are about to face a new tax in Victoria, Australia. Learn how this tax will affect your short-term rental income and what similar measures might be on the horizon.
Proposed Superannuation Tax Changes: Draft legislation increases tax rate on above $3m super balances. Those impacted should assess their personal impact. Stay tuned for updates.
30% tax on super earnings above $3m Read More »
