Blog

ATO: PSI ruling and web guidance

December 8, 2022

The ATO has issued Taxation Ruling TR 2022/3, Compendium on Personal Services Income (PSI) and related web guidance and how they apply to an individual or entity. The PSI rules are des...Read More Read More

NSW: change in “beneficial ownership”

November 17, 2022

Revenue NSW has issued Commissioner’s Practice Note CPN 025. It outlines the circumstances when certain transactions will or will not be dutiable and also aims to assist taxpayers and th...Read More Read More

Victorian Government’s Business and Community Sport Flood Recovery Grants program

November 10, 2022

he Business and Community Sport Flood Recovery Grants was launched yesterday. It provides up to $50,000 grants to small businesses, not-for-profit and community sport and active re...Read More Read More

Gavin Ma Has Completed His 100th Marathon

November 9, 2022

Gavin Ma is the founder of Gavin Ma & Co Accountants and also passionate about marathon running. He has finished his 100th marathon at Marysville Marathon Festival on 6 November 202...Read More Read More

Hiring holiday employees? Be aware of changes to super

November 3, 2022

ATO reminds employers who hire staff on a short-term or occasional basis, that they need to be aware of recent changes to super guarantee (SG). The changes mean more of their employees ma...Read More Read More

Revised working from home methods for 2022–23

November 3, 2022

From 1 July 2022, the methods for claiming working from home expenses have changed. The 80 cents per hour COVID-19 shortcut method is not available for 2022-23 (i.e., from 1 July 2022). ...Read More Read More

Victorian and ACT Business Grants to be Non-assessable Non-exempt (NANE) income

October 26, 2022

The following Victorian and ACT business grants are non-assessable non-exempt income. Therefore they are not taxable income for tax purposes: Victoria Victoria Business Costs Assistan...Read More Read More

What the Budget Means for Individuals, Businesses and SMSFs?

October 26, 2022

There are not so many changes for taxation and superannuation in this budget. We have summarised the major measure relating to individual, business and SMSF taxpayers: • Personal i...Read More Read More

Tax Determination: cost base exclusions for deductible amounts and value of goods taken from stock for private use

October 20, 2022

Tax Determination: cost base exclusions for deductible amounts TD 2022/14 confirms the ATO’s view that the law does not permit ‘double counting’ of certain amounts by way of inclu...Read More Read More

Director ID awareness campaign