The ATO has set the rate of work-related car expense deductions at 78 cents per kilometre for 2022–2023 (up from 72 c/km). Income Tax Assessment – Cents per Kilometre Deduction Rate fo...Read MoreRead More
The ATO warned taxpayers not to engage in “asset wash sales” to artificially increase their losses and reduce gains for tax purposes. The ATO said its sophisticated data analytics can...Read MoreRead More
The ATO has published its recommended approach regarding Legal Professional Privilege (LPP) to respond to formal notices requiring production of documents. Specifically, it covers the ATO...Read MoreRead More
NSW will introduce a First Home Buyer Property Tax Option whereby first home buyers purchasing a property valued at up to $1.5 million will be provided with an option to pay an annual prope...Read MoreRead More
Effective Friday 1 July 2022, Government registration fees associated with properties will change.
These property costs may be collected by banks on behalf of the Government or legal pr...Read MoreRead More
The increased fees will apply from 1 July 2022 to 30 June 2023.
Company Registration
– Registering a company name will increase to $538
Company Name Reservation
–...Read MoreRead More
On 31 May 2022, Director Gavin Ma attended the CPA Australia Certificate Presentation at Grand Hyatt Melbourne to be formally recognised as a Fellow of CPA Australia.
Gavin Ma &a...Read MoreRead More
The Ministry of the new Federal Labor Government has been sworn in. The key appointments from the perspective of the accounting and legal professions are as follows.
Treasurer: Jim Chal...Read MoreRead More
The ATO has released the new maximum value for calculating depreciation on the business use of a car first used (or leased) in the 2022–23 income year. It has increased from $60...Read MoreRead More
Australian Business Registry Services (ABRS) is encouraging agents and intermediaries to support their director clients to apply for their director identification number (director...Read MoreRead More
