Taxation News

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Period of review changes coming for some SMEs

Some SMEs to be subject to 4 year period of review Some

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Individual tax residency: upcoming changes

Changes to clarify the tax residency tests for individuals A Draft Ruling

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Legislative changes in the pipeline

Forthcoming tax law changes The government has introduced a number of legislative

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Electric cars to be exempt from FBT

FBT exemption for electric cars During the 2022 election campaign, Labor announced

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GST fraud update: Operation Protego

GST fraud update: Operation Protego In a recent update on Operation Protego,

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ATO’s new approach to UPE’s and sub-trusts

ATO new approach to unpaid present entitlements and sub-trusts The long awaited

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ATO strategy update: small business and indviduals

ATO strategy update: small business and individuals While providing a recent strategy

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ATO approach to LPP – new protocol

ATO’s new protocol for making LPP claims Recently, the ATO released a

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Temporary full expensing of depreciating assets extended

Temporary full expensing of depreciating assets extended Businesses will have another year

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Current compliance issues in the SMSF space

Current compliance issues in the SMSF space The SMSF space has always

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