Tax issues for businesses that have received a support payment Taxpayers who have received a government support grant or payment recently...

Claiming GST credits for employee expense reimbursements Employers may be entitled to claim GST input tax credits for payments they have...

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...

Last chance to claim deductions under temporary full expensing Deductions under ‘temporary full expensing’ are only available in the...

New 15% super tax to apply from 1 July 2025 The Government recently announced it will be imposing a 15% additional tax on individuals...

Significant change to claiming working from home expenses Before 1 July 2022, an individual taxpayer that incurred additional deductible...

Super guarantee contributions for the December 2022 quarter A reminder to employers that their December 2022 superannuation guarantee...

ATO warning to SMSFs: "Paying the price for non-compliance" There are various courses of action available to the ATO when trustees of...

Director ID deadline is approaching The Government has launched an awareness campaign to help company directors get their director...

More COVID-19 business grants are now tax-free The Federal Government has expanded the list of State and Territory COVID-19 grant...

Banking business income to a private account The ATO has stated that it has "no concerns" with business owners banking their business...

Tax time focus on rental property income and deductions The ATO is focusing on four major concerns this tax season when it comes to...

ATO priorities this tax time The ATO has announced four key areas that it will be focusing on for Tax Time 2022: Record-keeping....

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...

2022-2023 Budget Measures that are now law Low and Middle Income Tax Offset A measure that will no doubt be beneficial for individual...

Tax deductibility of COVID-19 test expenses After much speculation, the Government announced that COVID-19 tests, including Polymerase...

ATO support for businesses in difficult times The ATO has reminded taxpayers that it has a range of support available for small...

Preparing for the new Director ID regime As part of its Digital Business Plan, the Government announced the full implementation of the...

Extra super step when hiring new employees Employers may soon need to do something extra when a new employee starts to work for them....

Extending administrative relief for companies to use technology The Government has passed legislation renewing the temporary relief that...