by Teigan Amos | Mar 10, 2022 | Articles, Resources, Updates
Here are two landmark cases before the High Court that highlight the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes. Many business owners assume that if they hire independent contractors they will...
by Teigan Amos | Mar 10, 2022 | Articles, Business Advice, Updates
The Federal Budget has been brought forward to 29 March 2022. With the pandemic and the war in Ukraine we have seen a lot less commentary this year about what to expect in the Budget. But, as an election budget, we typically expect to see a series of measures designed...
by Teigan Amos | Mar 10, 2022 | Articles, Resources, Updates
Temporary full expensing enables your business to fully expense the cost of: new depreciable assets improvements to existing eligible assets, and second-hand assets in the first year of use. Introduced in the 2020-21 Budget and now extended until 30 June 2023, this...
by Teigan Amos | Mar 10, 2022 | Articles, Resources
Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the ATO’s more...
