Main residence CGT exemption when there is no “residence”
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…
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Read MoreMain residence CGT exemption when there is no “residence”
Client Newsletter – June 2019
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…
Regulatory Roundup – June 2019
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…
Can the ATO’s public rulings help your outcomes?
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…
The ATO’s “living expenses” tool to help tackle the cash economy
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…
Super downsizer scheme essentials
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…
Instant asset write-off
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…
Alternatives to a tax invoice for certain GST credit claims
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…
FBT’s hot issues targeted by the ATO
If you are an employer, you may appreciate knowing what the ATO is looking out for, and the fringe benefits you’re expected to report, so…