ATO actions on trusts and tax avoidance
The ATO says that it recognises that most trusts are used appropriately and for legitimate purposes. It says it will continue to help those who…
The ATO says that it recognises that most trusts are used appropriately and for legitimate purposes. It says it will continue to help those who…
There is a concession in the CGT rules that can allow a taxpayer to treat a property as their “main residence” even though it does…
Records for claiming work-related expenses When completing your tax return, you’re entitled to claim deductions for some expenses, most of which are directly related to…
EOFY last-minute tax planning tactics for individuals This financial year is almost over, but there are still tactics you may be able to employ to…
The ATO can issue public rulings that provide guidance on the interpretation of various tax laws. Public rulings generally deal with priority issues that have…
It’s known by a variety of names, such as the black economy, or even the cash or hidden economy. But whatever the label, its existence…
Under the superannuation downsizer scheme, people aged 65 and older can make a non-concessional (post-tax) contribution of up to $300,000 from the proceeds of selling…
In last month’s article about working from home, mention was made of the small business instant asset write-off. However this was written before the Federal…
Tax invoices are an essential element of Australia’s taxation system, and serve both to collect taxation revenue related to the goods and services on which…