Client Information Bulletin | June 2022

Topics covered in this edition of our Client Information Bulletin are: A new government – tax changes? Parliament – what happened when the election was called? Year-end tax tips What concerns the ATO? FBT issues Scams and crimes Key tax dates Click here to DOWNLOAD CIB – June edition 2022

Client Information Bulletin | May 2022

​Topics covered in this edition of our Client Information Bulletin are: What is new? Tax Losses Changing loss carry back choice Using business money for private purposes Check your business’ PAYG instalments Digital record keeping Don’t get burned by the phoenix Employee or independent contractor? FBT issues Key tax dates Click here to DOWNLOAD CIB
Read More…

No.92: Full Detailed Federal Budget Report 2022/2023

Federal Budget 2022/23 full detailed report Highlights In an economy emerging from the pandemic, the unemployment rate is currently at 4% and there is an expected budget deficit of $78 billion for 2022/23. As international uncertainties add pressure on the cost of living, key measures of this year’s Budget are aimed to provide a relief
Read More…

No.91: ATO Draft Ruling issued impacting Taxation of Trust Distributions

On 23 February 2022, the Australian Taxation Office issued a Draft Taxation Ruling which is likely to have a significant impact on the taxation treatment of income distributions from trusts.   Specifically, the draft ruling provides the Commissioner’s position on the application of Section 100A, an anti-avoidance provision first announced as a new measure in 1978
Read More…

Client Information Bulletin | February 2022

​Topics covered in this edition of our Client Information Bulletin are: Small business updates COVID-19, FBT, RATs and other acronyms! Do you employ working holiday makers? JobMaker Hiring Credit Do you have your Director identification number? Protect your business from cyber scams What’s in the pipeline Key tax dates Click here to DOWNLOAD CIB –
Read More…

No.90: Important update for visitors to Blaze Acumen’s office

At Blaze Acumen, we value the health and safety of both our clients and staff members. Therefore, observing Government health orders, we are now required to sight proof of vaccination via the Services Victoria phone app or a certified medical exemption to be permitted to visit our office. If you are unable to visit our
Read More…

Client Information Bulletin | November 2021

Topics covered in this edition of our Client Information Bulletin are: Director identification number Single Touch Payroll Phase 2 – starts January 2022 Making a jobmaker Hiring Credit Claim Fuel tax credits: Getting your claim right Small businesses tax concessions: The aggregated turnover test Are you operating your business through a ‘family trust’? Superannuation guarantee
Read More…

No.89: Valuation of property and unlisted investments

This article is relevant for clients with a Self-Managed Superannuation Fund  Last year we raised with you several areas receiving greater auditor focus and ATO scrutiny. Refer Client Alert No.71: 2020 SMSF Compliance Renewed auditor focus and ATO scrutiny These issues continue to face close scrutiny, in particular the guidelines for valuing assets, which we explore
Read More…

No.88: Director Identification Number (Director ID)

As part of the government’s Modernising Business Registers Program, from 1 November 2021, all directors will need to apply for a Director ID (formerly referred to as Director Identification Numbers or DINs).  You will be issued with one Director ID that will link across all director positions and you will hold this number for life.
Read More…