The family home & Tax!
Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital…
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The family home & Tax!
What changed on 1 July?
A reminder of what changed on 1 July 2022 Business Superannuation guarantee increased to 10.5%$450 super guarantee threshold removed for employees aged 18 and overSmall business GST and PAYG tax…
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What changed on 1 July?
Overcome your customers fear of spending
One of the biggest complaints from salespeople in a tight economy is the time it takes to achieve a sale. So, what can you do to speed up the sales…
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Overcome your customers fear of spending
Areas of ATO Scrutiny 2022 – What’s New
AREAS OF ATO SCRUTINY CRYPTOCURRENCY IN THE HEADLINES The ATO has been very active lately trying to dispel myths about how cryptocurrency is taxed. Determining the tax treatment of cryptocurrency…
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Areas of ATO Scrutiny 2022 – What’s New
Individuals 2022 – What’s New
TAX OFFSETS AND RELIEF FOR LOW AND MIDDLE INCOME EARNERS The Low and Middle Income Tax Offset (LMITO) has increased for the 2021-22 income year. The LMITO provides a tax…
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Individuals 2022 – What’s New
Business 2022 – What’s New
CONTRACTOR OR EMPLOYEE? Many business owners assume that if they hire independent contractors they will not be responsible for PAYG withholding, superannuation guarantee, payroll tax and workers compensation obligations. However,…
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Business 2022 – What’s New
JKR 30 June 2022 Housekeeping
HAVING TROUBLE WITH TAX DEBT If you are having trouble paying your tax liability, please let us know as soon as possible so we can negotiate a deferral or payment…
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JKR 30 June 2022 Housekeeping
Refocus on debt collection by the ATO
The ATO has not pursued many business tax debts during the pandemic and allowed tax refunds to flow through even if the business had a tax debt. That position has…
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Refocus on debt collection by the ATO
What to expect from the new Government
Anthony Albanese has been sworn in as Australia’s 31st Prime Minister and a Government formed. We look at what we know so far about the policies of the new Government in…
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What to expect from the new Government
Tax Time Targets
The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four…
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Tax Time Targets