BGL Partners
Practice Update - October 2023
Taxpayers need to get their 'rental right' The ATO reminds rental property owners and their tax agents to take care when lodging their...
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BGL Partners
- Nov 27
- 4 min
Practice Update - September 2023
Appointing an SMSF auditor The ATO reminds SMSF trustees that they need to appoint an approved SMSF auditor for each income year, no...
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BGL Partners
- Nov 27
- 4 min
Practice Update - November 2023
Tax issues for businesses that have received a support payment Taxpayers who have received a government support grant or payment recently...
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BGL Partners
- Aug 1
- 5 min
Practice Update - August 2023
Claiming GST credits for employee expense reimbursements Employers may be entitled to claim GST input tax credits for payments they have...
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BGL Partners
- Jun 14
- 4 min
Practice Update - June 2023
2023/24 Budget Update On 9 May 2023, Treasurer Jim Chalmers handed down the 2023/24 Federal Budget. Some of the measures announced by the...
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BGL Partners
- May 16
- 4 min
Practice Update - May 2023
Last chance to claim deductions under temporary full expensing Deductions under ‘temporary full expensing’ are only available in the...
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BGL Partners
- May 16
- 5 min
Practice Update - April 2023
New 15% super tax to apply from 1 July 2025 The Government recently announced it will be imposing a 15% additional tax on individuals...
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BGL Partners
- Mar 2
- 5 min
Practice Update - March 2023
Significant change to claiming working from home expenses Before 1 July 2022, an individual taxpayer that incurred additional deductible...
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BGL Partners
- Mar 2
- 5 min
Practice Update-January/February 2023
Super guarantee contributions for the December 2022 quarter A reminder to employers that their December 2022 superannuation guarantee...
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BGL Partners
- Dec 20, 2022
- 5 min
Practice Update - December 2022
ATO warning to SMSFs: "Paying the price for non-compliance" There are various courses of action available to the ATO when trustees of...
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BGL Partners
- Nov 23, 2022
- 5 min
Practice Update - November 2022
Director ID deadline is approaching The Government has launched an awareness campaign to help company directors get their director...
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BGL Partners
- Oct 10, 2022
- 4 min
Practice Update - September 2022
More COVID-19 business grants are now tax-free The Federal Government has expanded the list of State and Territory COVID-19 grant...
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BGL Partners
- Oct 10, 2022
- 5 min
Practice Update - October 2022
Banking business income to a private account The ATO has stated that it has "no concerns" with business owners banking their business...
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BGL Partners
- Aug 3, 2022
- 5 min
Practice Update - August 2022
Tax time focus on rental property income and deductions The ATO is focusing on four major concerns this tax season when it comes to...
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BGL Partners
- Jun 2, 2022
- 4 min
Practice Update - June 2022
ATO priorities this tax time The ATO has announced four key areas that it will be focusing on for Tax Time 2022: Record-keeping....
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BGL Partners
- May 9, 2022
- 5 min
Practice Update - May 2022
No reduction in the Private Health Insurance rebate as of 1 April 2022 An event that we have become accustomed to every 1 April, is that...
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BGL Partners
- Apr 4, 2022
- 4 min
Practice Update - April 2022
2022-2023 Budget Measures that are now law Low and Middle Income Tax Offset A measure that will no doubt be beneficial for individual...
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BGL Partners
- Mar 16, 2022
- 4 min
Practice Update - March 2022
Tax deductibility of COVID-19 test expenses After much speculation, the Government announced that COVID-19 tests, including Polymerase...
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BGL Partners
- Feb 10, 2022
- 4 min
Practice Update - January/February 2022
ATO support for businesses in difficult times The ATO has reminded taxpayers that it has a range of support available for small...
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BGL Partners
- Dec 3, 2020
- 4 min
Practice Update - December 2020
Improvements to be made to full expensing measure The government will expand eligibility for the temporary 'full expensing measure',...
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