ATO Fact Sheet for NSW taxi licence owners
March 16, 2023
The ATO released a fact sheet outlining the tax treatment of NSW Government payments made to eligible taxi licence holders under its Point to Point Financial Assistance Scheme. The ATO co...
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Fixed rate for home-based business expenses
March 16, 2023
Taxpayers who operate some or all of their business from home may be able to claim the business-use portion of expenses they incur. These include:
occupancy expenses (such as m...
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Due diligence when buying a business
March 6, 2023
As accountants, we can play a crucial role in helping clients conduct due diligence when purchasing a business. We can assist by thoroughly reviewing financial records, including income and...
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FBT and electric vehicles: ATO fact sheet
March 2, 2023
The ATO has released a fact sheet for employers on FBT obligations when providing an employee with an electric vehicle and associated items for their private use. The fact sheet highlight...
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超过300万以上的养老金资产的收入将被征收30%的税
February 28, 2023
政府已确认，自2025年起，对超过300万澳元的养老金账户收益征收30%的税率。修订后的税率将于2025年7月1日生效。
目前，在积累阶段，养老金...
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澳洲个人报税应该注意什么？
February 28, 2023
作为在澳洲从事专业个人报税十几年的会计师事务所，我们总结了以下澳洲个人报税时需要注意几点， 供您参考：
确认您的税务居民身份：...
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Reducing Land Tax
February 26, 2023
There are several ways to potentially reduce land tax, which is a tax levied by state governments in Australia on the value of land owned.
Take advantage of exemptions and concessions: E...
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TPB: Practice note updated for client proof of ID verification
January 27, 2023
The Tax Practitioner Board (TPB) has released an updated practice note on proof of identity (POI) requirements for client verification, TPB(PN) 5/2022. Key updates to TPB(PN) 5/2022 inclu...
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Part IVA and not s 100A applies to Guardian
January 27, 2023
The full bench of the Federal Court has dismissed the Commissioner of Taxation’s appeal and decided that section 100A of the Income Tax Assessment Act 1936 (ITAA 1936) has no ap...
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Division 7A: when loan repayments are not taken into account
December 8, 2022
The ATO has released further guidance and examples on when Division 7A loan repayments are not taken into account when working out:
The minimum yearly repaymentHow much of the loan has...
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