June 2022

June 2022

Tax Time Targets   The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season.   Record-keeping...
May 2022

May 2022

The 120% deduction for skills training and technology costs It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and...
March 2022

March 2022

The ATO’s Attack on Trusts and Trust Distributions   Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and...

February 2022

Year of the Tiger: Roaring or Bellowing?   The 2022 Luna New Year, Year of the Tiger, is courage and bravery. It is a year to drive out evil and one of momentum and change. The message; walk boldly with courage. And it seems the Reserve Bank Governor is aligned...
December 2021

December 2021

The top Christmas tax questions   Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are our top issues:   Staff gifts   The key to Christmas presents for your team is to keep the gift spontaneous, ad hoc,...
September 2021

September 2021

What now? Unwinding the Pandemic Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border...