Australian Tax Update – July 2019
This month’s tax update looks at the changes in super, insurance and exit fees. ATO new concession on Single Touch payroll, clothing and laundry expenses claims, trust property, and tax cheat tip-offs.
July 2019
June 2019
Australian Tax Update – June 2019
This month’s tax update looks at key issues for you, your business and your SMSF as the ATO’s data matching approach becomes more sophisticated. We also cover offer tips on how to prepare for a visit from the tax office.
The Reserve Bank of Australia cuts interest rates to historic low
The Reserve Bank of Australia (RBA) has reduced the cash rate from 1.5% to a historic low of 1.25% as expected. Read the statement by RBA Governor Phillip Lowe here.
May 2019
Eight end of year tax tips for Australian small businesses
The end of financial year can be a busy and stressful time for small businesses. Here are our top tips for Australian small businesses to ensure a stress-free EOFY and healthy start to the new financial year.
What does a Coalition Government mean for you?
Following the Coalition’s election win, here are the key policies and issues which will impact businesses, individual taxpayers, retirees, and SMSFs.
Tax Update – May 2019
This month’s tax update looks at the budget announcements which are now law, as well as the ATO’s increased focus on rental deductions. We also outline some of the ALP policies on tax and superannuation in the lead up to the Australian Federal Election.
GST on digital products
Purchasing digital products such as movies, music, podcasts, e-books and more, is something that we all now do regularly. It’s important to consider that these purchases will potentially be subject to GST.
The Importance of Estate Planning
Estate planning seeks to not only distribute the assets of your estate but do so in a way that protects the estate, addresses issues within the estate, and fulfils your wishes. Contact us today to start your estate planning.
April 2019
ATO’s target areas for employer FBT non-compliance
The Fringe Benefits Tax (FBT) year has ended with some hot issues targeted by the ATO. In this year’s updated ATO ‘hit list’, “What attracts our attention”, there are six items that specifically relate to FBT.
2019 Australian Federal Budget
Treasurer Josh Frydenberg has handed down the 2019-20 Federal Budget. A stronger economy and secure future were his promise, as he announced a $7.1 billion surplus, tax cuts and extra funding for infrastructure and services to regional Australia. Read our summary of the 2019/20 Budget.