Property and ‘lifestyle’ assets in the spotlight
Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at…
The changes to how tax practitioners work with clients
The Government has amended the legislation guiding registered tax practitioners to include compulsory reporting of material uncorrected errors to the…
Whats ahead for 2024-25
Will 2024-25 be another year of volatility or a return to stability? Personal tax & super As you would be…
$20k instant asset write off passes parliament
Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year passed Parliament just 5…
The Essential 30 June Guide
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and…
ATO fires warning shot on trust distributions
The ATO has warned that it is looking closely at how trusts distribute income and to who. The way in…