Blog tagged as ATO Rules

The ATO has initiated a crackdown on arrangements where an individual shareholder accesses profits of a private company in tax-free form through an interposed holding company.

ATO has released a draft compliance guideline to address compliance challenges faced by taxpayers when separately identifying home charging costs for electric vehicles from the total electricity consumption of a household.

The super guarantee rate will rise in July this year to 11%. Have you calculated the extra cost to your business? This rate increase may also affect salary packages. Talk to us now to start preparing for the changes, so you don't get caught out.

Working from home? Are you claiming your expenses on your tax return? There are 2 methods available to calculate your WFH claim.

With the ATO’s new directives on the taxation of trust distributions, it's essential to review arrangements. Book a planning session to ensure you've got the best beneficiary arrangements.

The new ATO tax education course if here. Find out what you need to do to avoid an administrative tax penalty.

The federal government has announced its intention to change tax concessional treatment of very large super account balances from 1 July 2025. Individuals with over $3 million in super will be affected.

The general transfer balance cap is about to increase. Find out how this may affect your retirement plans.

The ATO has finalised a major tax ruling about when distributions from family trusts may be caught by anti-avoidance tax laws. Make sure you are doing the right thing now and in the future.

As of 1st Feb, Paid Family and Domestic Violence Leave is a paid leave entitlement for employees of larger employers, and from 1 Aug 23 for employees of small employers. Talk to us to plan for changes to payroll provisions and costs.

Welcome to 2023! To help you understand your tax obligations as you get back into the swing of things, here is a list of key tax dates for February and March 2023.

Operators of sharing economy platforms now required to report transactions to the ATO from 1 July 2023. If you operate in these platforms, such as ride share or short-term accommodation, make sure this information comes to us for your tax return.

Operators of sharing economy platforms will be required to report transactional information to the ATO from 1 July 2023. If you are operating in these platforms, make sure your information comes to us when we complete your tax return.

A measure contained in the October 2022 Federal Budget may give you an entitlement on the Commonwealth Seniors Health Card. Find out if you'll become eligible.

Small businesses may soon be able to apply to the Administrative Appeals Tribunal (AAT) to pause or modify ATO debt recovery action for debts being disputed in the AAT.

Paid Family and Domestic Violence Leave becomes an entitlement for employees in 2023. All employees (including casuals) can access this leave type from day one of employment, so talk to us to start planning for changes to payroll provisions and costs.

The new 'Secure Jobs, Better Pay' Bill 2022 brings major changes to employment laws. While most of the changes roll out over the next 6-12 months, some take effect now. Talk to us about reviewing your HR documents.

This festive season you may wish to give money to those less fortunate via crowdfunding campaigns. Know the tax implications before you jump in.

You’ve sold your business and have the money burning a hole in your pocket. What happens next? We’ve got some great options for your post-exit life to consider.

Are you managing your farm’s payroll on paper or spreadsheets? The FWO and ATO are actively investigating agribusiness payroll records. Talk to us about getting a digital system that will save time and money and make payroll record keeping a breeze.