Tax News That Matters - For Individuals and Small Business
FBT electric vehicle home charging rate
EV home charging rates for FBT purposes Since the introduction of EV incentives by various state governments to encourage the
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Are you receiving personal services income?
Tax implications of receiving personal services income Personal Services Income (PSI) generally only applies to individuals that receive more than
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Foreign investors to pay more for residential property
Foreign investors to pay increased fees to purchase established property In response to various media commentary and public sentiment that
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ATO’s continued focus on illegal early release of super
ATO focusing on illegal early release of superannuation As a new calendar year commences, the ATO’s priorities in the SMSF
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Consultation on enhancing TPB sanctions regime
Enhancements to TPB sanctions regime open for consultation In response to the tax adviser misconduct saga that unfolded during 2023,
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Stage 3 tax cuts and proposed changes
Proposed changes to stage 3 tax cuts The talk about the stage 3 tax cuts has reached fever pitch in
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Deductibility of financial advice fees
Draft ATO determination on deductibility of financial advice fees Late last year, the ATO released a draft taxation determination (TD
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Employee vs contractors: new ATO Ruling
High Court decisions re employee v contractor spark ATO ruling Following the landmark High Court decisions in Construction, Forestry, Maritime,
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Holiday homes not genuinely available for rent
Deductions denied for holiday homes not genuinely available for rent As the Christmas holiday period approaches, many individuals may be
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ATO data-matching: directors and officeholders
ATO data-matching: directors and officeholders The ATO has announced a data-matching program which will acquire officeholder data from ASIC, the
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ATO’s GST compliance focus areas
ATO GST compliance focus areas At a recent conference, the ATO outlined its key areas of focus for GST compliance.
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Circumstances for tax return lodgment deferral
When can you get an extension of time to lodge your tax return? Tax time 2023 has now officially ended,
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Regulation of crypto exchanges coming
Regulation of crypto exchanges on the horizon As foreshadowed by the government and supported by many consumer advocates, the government
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Improving the Commissioner’s general powers of administration
Enhancement to the Commissioner’s general powers of administration The Inspector-General of Taxation and Taxation Ombudsman (IGTO) recently released a report
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