Rental property return errors

Rental property return errors

September 7, 2023

Nine in 10 rental property owners are getting their return wrong, according to the ATO, which is encouraging rental property owners and their tax agents to take care when lodging their re...Read More Read More

Gavin Ma & Co’s reminder for small businesses for 30 June

June 29, 2023

We would like to reminde small businesses of three things to remember as 30 June 2023 approaches: Small business boosts now available – a "bonus" 20% tax deduction for eligible expens...Read More Read More

ASIC Fees Increase for 2023/2024 Financial Year

June 28, 2023

The increased fees will apply from 1 July 2023 to 30 June 2024. Company Registration – Registering a company name will increase to $576 Company Name Reservation ...Read More Read More

No stamp duty for certain first home buyers in South Australia

June 27, 2023

The 2023-24 SA Budget was delivered on 15 June 2023 and, in terms of tax-related measures, focusses on first home buyers – with the keynote item being the targeted abolition of stamp du...Read More Read More

New online services for foreign investors starting 26 June

June 27, 2023

The ATO has advised that foreign investors and their representatives will soon use a new online service to manage a range of registration obligations and other transactions relating to Au...Read More Read More

Div 7A benchmark interest rate for 2023-24

June 27, 2023

The benchmark interest rate for Div 7A purposes is expected to be 8.27% for the 2023-24 income year (up from 4.77% for 2022-23). This is the "Indicator Lending Rates - Bank variable housing...Read More Read More

When do employers need to get it right this tax time

June 27, 2023

Single Touch Payroll (STP) finalisation: you need to finalise your employees' STP data by 14 July, as they use this information to complete their tax return. If you have any closely held...Read More Read More

Sharing Economy Reporting Regime starts 1 July

June 27, 2023

The ATO reminds agents with clients who earn income by providing taxi travel (including ride-sourcing) or short-term accommodation, to make sure they are aware of their new tax obligations....Read More Read More

Victorian Budget 2023-24 tax changes

May 25, 2023

The Victorian Budget was handed down on 22 May. The main tax change evolves around ‘The COVID Debt Repayment Plan’, which includes: From 1 July 2023, large businesses with national p...Read More Read More

LCT threshold and fuel-efficient car limits for 2023-24; ATO guidance

May 25, 2023

The ATO has issued a media release setting out the luxury car tax ("LCT") thresholds for the 2023-24 income year. There are two thresholds, ie for: fuel efficient vehicles – $89,332 ...Read More Read More