The Australian Cyber Security Centre (ACSC), the FBI and US Cybersecurity and Infrastructure Security Agency (CISA) urges organisations to take immediate steps to safeguard computer syste...Read MoreRead More
The Government will provide $1.9 million over 2 years from 2023-24 to "establish a public registry of beneficial ownership of companies and other legal vehicles, including trusts"...Read MoreRead More
The ATO has issued a media release setting out its three focus areas for what it terms "this Tax Time", ie the lodgement of 2022-23 returns.
The first area is rental property d...Read MoreRead More
The Prime Minister has announced the following measures designed to increase the supply of housing:
the depreciation rate for eligible new build-to-rent projects where construction c...Read MoreRead More
The ATO has issued draft legislative determination LI 2023/D12. It sets the cents per km method for calculating the work related car income tax deduction at 85 cents per km starting 1 July...Read MoreRead More
As year-end resolutions are being prepared, ATO reminds it is important to consider client’s trust deed and who is and isn’t a beneficiary of the trust. Where an FTE or IEE has been mad...Read MoreRead More
The Commissioner has gazetted the Notice of a ride sourcing data-matching program.It will enable the ATO to acquire ride sourcing data to identify individuals that may be engaged in provid...Read MoreRead More
The ATO has issued a draft legislative instrument that seeks to codify its long-standing practice of remitting interest or penalties to certain classes of entities, including where the char...Read MoreRead More
The income thresholds for Medicare levy surcharge increases from 1 July 2023
ThresholdBase tierTier 1Tier 2Tier 3Single threshold$93,000 or less$93,001 – $108,000$108,001 – $144,000$...Read MoreRead More
