Regulatory Roundup – May 2019
When are digital products ‘connected with Australia’ for GST purposes? With the purchase of digital products such as the streaming or downloading of movies, apps,…
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Read MoreRegulatory Roundup – May 2019
To avoid disputes, with the birth of every SMSF it pays to think about death
When commencing any self managed superannuation fund (SMSF), there is one over-riding expectation that newby trustees should come back to again and again — that…
Single touch payroll rollout for smaller employers
A major change in the way employers report the tax and super information for their employees to the ATO has been on the way for…
The tax deductions available for interest, dividends and other investment income
The tax rules allow investing taxpayers to claim some deductions related to some of the expenses and costs that are generated when earning interest, receiving…
Staff training costs deductible, but beware FBT
One of the recognised keys to business success is having knowledgeable, efficient and well-trained staff. But it is not always possible (or is indeed rare)…
The approach to tax when you’re working from home
If you produce assessable income at home, or some of it, and you incur expenses from using that home as your “office” or “workshop”, the…
Deductions for donations
As most of us know, donations of $2 or more are deductible, and there is flexibility in the rules around donating to emergency relief bodies…
Tax claims for peer-to-peer sharing economy sourced purchases
The now common and still growing phenomenon of peer-to-peer goods exchange sites such as Gumtree or Facebook groups can throw up some interesting scenarios regarding…
Dealing with tax and renting via Airbnb
Airbnb is one of many examples of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that usually operates an app…