Month: February 2024

contractor or employee?

Contractor or Employee?

The presence of a clause in a contract labeling a worker as an independent contractor isn’t the final word on their status for tax and superannuation purposes, according to recent […]

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Can my SMSF invest in property development?

Can my SMSF invest in property development?

The Australian passion for property, combined with enticing tax benefits such as a 15% tax rate during the accumulation phase and possibly zero tax during retirement, motivates many SMSF trustees […]

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Redrawing Investment Loans

Warning: Beware of Redrawing Investment Loans

The Australian Taxation Office (ATO) has raised concerns regarding the incorrect reporting of rental property income and expenses, resulting in an estimated annual loss of $1 billion in tax revenue. […]

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Understanding the GST implications for food products

Understanding the GST implications for food products

Have you ever wondered when food is considered GST-free? The distinction between GST-free and taxable foods can be quite nuanced, as exemplified by a recent case before the Administrative Appeals […]

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