Latest News
From 1 January 2022, when you report your payroll information via Single Touch Payroll (STP), you'll provide some extra information.
From 1 January 2021 the law relating to employees and their choice of superannuation fund has changed.
Tax cuts for 11 million Australians will flow in the coming weeks after the Federal Government secured the passage of the legislation through the Parliament.
The Federal Budget was handed down on the 6th October 2020 with a view to cushion the impact of the Covid-19 pandemic and to kickstart an economic recovery.
If your business is eligible to claim the instant asset write-off, you need to consider the car limit. The car limit is the maximum depreciation expense you can claim for a car.
If you are working from home and you may incur expenses, you may be able claim these expenses (deductions) on your tax return.
Treasury Law Amendments (Combating Illegal Phoenixing) Act 2020 extends the director penalty regime to make the directors of a company personally liable for the company’s unpaid GST, in some circumstances.
Treasury Law Amendments (combating Illegal Phoenixing) Act 2020, was passed and received Royal Assent on the 17th of February 2020.
From 1 March 2020, the State Revenue Office (SRO) in Victoria has introduced an additional 8% stamp duty on the purchase of residential property by a discretionary trust. This duty will also apply to a residential property purchase by a unit trust or company that is owned or controlled by a discretionary trust.
Fuel tax credit rates increased on 3 February in line with fuel excise indexation.
Land that a person owns and occupies as their home, or ‘principal place of residence’ (PPR), is generally exempt from land tax.
If you make a car you own or lease available for the private use of your employee, you may provide a car fringe benefit.
On the 7th of February 2018, a Bill was introduced into Federal Parliament requiring purchasers of new residential premises and new subdivisions of potential residential land to remit the GST on the purchase price directly to the ATO as part of the settlement process.
The concessional contributions cap is $25,000 for everyone. Previously, it was $35,000 for people 49 years and older at the end of the previous financial year and $30,000 for everyone else.