by Teigan Amos | Apr 25, 2023 | Articles, Test
From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term accommodation to report their transactions to the ATO each year. From 1 July 2024, the regime will expand to include all other platforms....
by Teigan Amos | Apr 25, 2023 | Articles, Updates
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider. Business transactions often include earn-out clauses where the vendors ‘earn’ part of the purchase price based on the...
by Teigan Amos | Apr 25, 2023 | Articles, Updates
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. FBT exemption for electric cars If your employer provides you with the use of a car that is classified as a...
by Bruce Grieve | Mar 18, 2023 | Articles, Updates
Preparing for the transition to retirement can be an exciting but daunting time for many Australians. While you may be looking forward to a well-deserved break, the financial implications of retirement can be complex and confusing. It’s important to take the time to...
by Teigan Amos | Mar 13, 2023 | Articles, Updates
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise claims: How many days...
by Teigan Amos | Mar 13, 2023 | Articles, Updates
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget. What is the purpose of superannuation? At first glance, the consultation released by Treasury in February...
