Blog

Book your consultation with a Tax Expert Today!

Make an Appointment Today Contact Us

Tax Blog

Navigating Tax Reporting in the Sharing Economy

Tax

The Sharing Economy Reporting Regime (SERR) represents a significant development in Australia’s tax landscape, requiring certain businesses operating in the sharing economy to report specific transactions to the Australian Taxation Office…

Land Tax – Why An Understanding Of This Facet Of Tax Could Help With Your Yearly Tax Planning

Tax

Australia’s land tax is a vital component of the nation’s taxation system, playing a pivotal role in revenue generation for state and territory governments. Understanding the nuances of land tax is essential for property owners, investors,…

Why Are The Stage 3 Tax Cuts The Subject Of Discussion At The Moment?

Tax

In a significant move poised to benefit a broader population segment, the Australian federal cabinet has approved changes to the stage-three tax cuts package, set to come into effect from July 2024. The proposed amendments bring about a more…

Navigating Challenging Times – Understanding NANE Income Versus Assessable Income

Tax

The recent spate of extreme weather events during the summer in various parts of Australia has presented unprecedented challenges for small businesses. As a result, the pressing concerns they face may not necessarily revolve around their tax…

New Rules For Off-Market Share Buy-Backs Now Law

Tax

In a move to streamline and align the tax treatment of off-market share buy-backs, the 2023 October Budget introduced changes that have now become law (as of December 2023). These alterations, effective for listed public companies offering off-market…

Do You Know Your FBT Obligations For The End Of Year?

Tax

As the holiday season approaches, the excitement of celebrating with your hardworking staff builds up. However, before diving into event planning and staff perks, it’s crucial to consider the potential implications of fringe benefits tax (FBT)…

From Peak Periods to Private Use: Mastering Deductions for Holiday Home Owner

Tax

It’s essential for property owners to understand the intricacies of deductions associated with their cherished holiday retreats. However, as the holiday season approaches, they may find that their holiday retreats become a valuable source…

Steering Clear of Tax-Related Pitfalls: The ABN and GST Fraud Alert

Tax

In the realm of taxes and financial matters, it’s crucial to tread carefully and stay within the bounds of legality. The Australian Taxation Office (ATO) recently uncovered a surge in GST refund fraud attempts, amounting to a staggering $850…

Need To Make An Adjustment On Your Return? We’re Here To Help

Tax

Making a mistake on your tax return is a common human error. The good news is that you usually have a two-year window to amend it. Whether you reported your income incorrectly, claimed non-deductible expenses, or forgot to exclude certain income,…

Logbooks: One Of The Best Methods For Claiming Vehicle Expenses On Your Return

Tax

As a business owner, one of the perks is the ability to claim tax deductions for expenses related to motor vehicles used in your business operations. This includes cars and certain other vehicles that play a role in running your business smoothly.…

Your Tax Obligations After A Natural Disaster

Tax

As Australia braces for another bushfire season, it’s crucial to be prepared for a range of challenges, from evacuation plans to emergency-go-bags. Amidst all the chaos, you might wonder if your tax obligations should be a top priority. While…

How To Correctly Claim A Website As A Business Expense?

Tax

Designing, creating and maintaining a website for your business can be complicated. Using the right people, though, can be one of the best decisions you can make. This is why many of today’s small businesses employ the services of a web developer…