Blog

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...Read More Read More

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...Read More Read More

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?