Topics covered in this edition of our Client Information Bulletin are: From the ATO Are you still using your ABN? Do you provide car parking for employees? Five new year’s tax resolutions Foreign incorporated companies What has parliament done? What’s in the parliamentary pipeline? Key tax dates Click here to DOWNLOAD CIB – February edition
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Topics covered in this edition of our Client Information Bulletin are: What’s new From the ATO Using a motor vehicle for business Superannuation for holiday work Stapled superannuation fund for employers Key tax dates Click here to DOWNLOAD CIB – November edition 2022
Labor Government 2022/2023 Full Detailed Federal Budget Report The Federal Treasurer, Dr Jim Chalmers, handed down the Labor government’s first Federal Budget at 7:30 pm (AEDT) on 25 October 2022. Despite an uncertain global economic environment, the Treasurer has lauded Australia’s low unemployment and strong export prices as reason for a 3.5% growth in the
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If you are a director, or alternate director, or if you were a director at any time since 31 October 2021, of any of the following, you must apply for your Director ID number by 30 November 2022: Australian company; Aboriginal or Torres Strait Islander Corporation; Corporate trustee (including trustee of a self-managed superannuation fund);
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Topics covered in this edition of our Client Information Bulletin are: What’s new? – Tax changes from 1 July 2022 It’s tax time again! Home office From the ATO Partnerships – assigning interests Other information What’s new – Income tax thresholds COVID-19 payments Key tax dates Click here to DOWNLOAD I – September 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
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
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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
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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
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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 –
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