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‘Ace in the Hole’Budget 2023-24

May 10, 2023
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Budget,Budgeting
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The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. The surplus was driven by a surge in the corporate and individual tax take. High commodity prices…
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Property & Construction,Rental Property

ATO Rental Property Blitz

May 10, 2023
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Property & Construction,Rental Property
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The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous data matching…
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Uncategorized

‘OnlyFans’ Tax Risk Warning

May 10, 2023
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Uncategorized
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The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the Tax Office has given notice to the…
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Uncategorized

$20k Small Business Energy Incentive

May 10, 2023
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Uncategorized
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In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000. The Small Business Energy Incentive…
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Newsletter

What will the ATO be Asking about your Holiday Home?

March 6, 2023
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Newsletter
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Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is concerned that people with holiday homes are claiming more deductions than they should and have published the…
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Newsletter

The ‘Super’ Wars

March 6, 2023
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Newsletter
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A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget. What is the purpose of superannuation?…
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Newsletter

What’s the Deal with Working from Home?

March 6, 2023
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Newsletter
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The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you…
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Competitive research

How Accounting Melbourne Help Businesses

February 14, 2023
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Competitive research
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Everyone knows that all successful companies employ accountants, but only a few understand the importance of accounting Melbourne to businesses. Accountants are a vital part of each business, from…
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Newsletter

The ATO’s final position on risky trust distributions

February 8, 2023
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Newsletter
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The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts distributing to adult children, corporate…
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