Blog

Which area are you most interested in?

Stay up to date with the latest changes hitting the tax & accounting environment, as well as those in our specialty areas such as superannuation, financial planning and specialist tax & estate planning. But our blogging doesn’t stop there, whether it be the latest technological insights or information to help our farming communities, we will pretty much cover anything that crops up!

March 31, 2022

The ATO has recently released a significant draft ruling around Div 7A, which ensures that private companies cannot make tax-free distributions of profits to shareholders or their associates in payments, loans, or forgiven debts. Generally, a private company is...

March 31, 2022

The AAT may soon be given more powers to help small businesses if a proposed Bill passes Parliament before the Federal election is called. The Bill, which is currently before the House of Representatives, seeks to enable small business...

March 31, 2022

The end of March signals the approach of FBT time. Employers that have not previously provided employees with fringe benefits need to be aware this year that any COVID-19 related items provided may be subject to FBT, including rapid...

March 31, 2022

In Australia, it is estimated that around 300,000 young, part-time, mostly female workers currently and legally do not receive super contributions from their employers under the super guarantee scheme. This is due to their before-tax earnings per month falling...

March 16, 2022

Farmers & Primary producers hit by storms and floods in NSW can access $15,000 immediately, through grants of up $75,000, as part of the jointly funded Commonwealth-State Disaster Recovery Funding Arrangements.   Grants are now available for eligible primary producers...

March 16, 2022

Small businesses and not-for-profit organisations affected by the floods in parts of Queensland and NSW will have more time to lodge their business activity statements and instalment notices with an original due date of 28 February 2022 or 21...

March 16, 2022

By Thomson Reuters Tax & Accounting  More people will soon be able to make up to $300,000 in downsizer contributions into super with the lowering of the age limit to include those 60 years and over from 1 July 2022. Before...

March 16, 2022

By Thomson Reuters Tax & Accounting  If you run a small business and are found by the ATO to have made unintentional record-keeping mistakes, you could be liable to an administrative penalty. However, this could soon change under new proposed laws...

March 16, 2022

By Thomson Reuters Tax & Accounting  The maximum amount individuals can take out of their super under the First Home Super Saver Scheme will be increased from $30,000 to $50,000 for any release requests made on or after 1 July 2022....