NEWS

4TH APR 2024

This month’s edition of the monthly tax update includes information on How to claim working from home expenses, Reminder of March 2024 Quarter Superannuation Guarantee (‘SG’), Using the ATO's small business benchmarks, Quarterly TBAR lodgment reminder, Prepare for upcoming lodgments of SMSF annual returns, Taxpayer who lived and worked overseas found to be tax resident and Earning income for personal effort. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

4TH MAR 2024

The March edition of the monthly tax update includes information on Super contribution caps to rise, Small business concessions, FBT time is fast approaching, Jail sentence for fraudulent developer, Penalties soon to apply for overdue TPARs and Avoiding common Division 7A errors. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

2ND FEB 2024

This month’s edition of the monthly tax update includes information on Government announces changes to proposed 'Stage 3' tax cuts, Changes in reporting requirements for sporting clubs, Deductions denied for work-related expenses, Sale of land subject to GST, Melbourne man sentenced to jail for attempting to defraud the ATO and New ATO guidance on "who is an employee?" Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

4TH DEC 2023

The December edition of the monthly tax update includes information on the ATO's lodgment penalty amnesty is about to end, Notice of officeholder data-matching program, ATO warning regarding prohibited SMSF loans, Claiming deductions in relation to a holiday home, a reminder of December 2023 Quarter Superannuation Guarantee and information regarding 2023 Christmas parties and gifts. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

2ND NOV 2023

This month’s edition of the monthly tax update includes information on Tax issues for businesses that have received a support payment, Care required in paying super benefits, Notice of visa data-matching program, ATO says: "Be cyber wise, don't compromise", Losses in crypto investments for SMSFs. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

2ND OCT 2023

The October edition of the monthly tax update includes information on Taxpayers need to get their 'rental right', Choosing the right PAYG instalment method, Mildura man jailed for seven years for GST fraud, Remember the unused concessional contributions cap concession and Deduction for contributions denied due to notice requirement problems. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

5TH SEP 2023

This month’s edition of the monthly tax update includes information appointing an SMSF auditor, ATO gives green light to lodge, Different meanings of 'dependant' for superannuation and tax purposes, NALI provisions did not apply to loan structure and Luxury car tax: determining a vehicle's principal purpose. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

2ND AUG 2023

The August edition of the monthly tax update includes information on Claiming GST credits for employee expense reimbursements, Lodging of Taxable payments annual reports, Changes to deductions this tax time, Downsizer contribution measure eligibility has been extended and Reallocation of excess concessional contributions denied. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.

3RD JUL 2023

This month’s edition of the monthly tax update includes information on Minimum annual payments for super income streams, The super guarantee rate is increasing, Masters course fees not deductible as self-education expenses and the Proportional indexation of transfer balance caps from 1 July 2023. Please contact us if you wish to discuss how the points raised in this month’s monthly tax update specifically affect you.