Tax
CategoryLong term tax-effective Investments
Determining where to invest requires multiple factors to be taken into consideration. One such factor may be tax efficiency. The tax charg..
Income Tax cuts in Federal Budget Benefiting high income earners
In its efforts to boost the economy, the Federal Government is considering bringing the planned income tax cuts forward. The intention beh..
Handling deductions for self-education expense
Individuals upskilling and educating themselves during these down times may be eligible to claim a deduction for their self-education expe..
Division 7A and private loans
It is not uncommon for businesses to provide loans to shareholders or associates of a company. However, business owners should know the co..
FBT exemption for emergency assistance
Businesses that provide benefits to employees during an emergency situation are likely to have assistance costs be exempt from fringe bene..
Changes to JobKeeper eligibility
The Government has introduced additional changes to JobKeeper to help more businesses qualify for the relief payments.
One of the key chan..
CGT rollover when transferring assets in a divorce
Transferring the ownership of assets from one party to another may attract CGT. However, in the event that a change in ownership occurs du..
What is a TPAR and do you need to lodge one?
The Taxable Payments Annual Report (TPAR) is an industry-specific report through which businesses inform the ATO of the total payments mad..
Applying for small business income tax concessions
Businesses looking to save on tax for the financial year may consider applying for income tax concessions.
Businesses classified as a smal..
What types of income do you need to include in your business’ tax return?
Due to changing economic circumstances, businesses may be receiving income from sources they have never received from, and may be unaware ..