Month: February 2024
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 […]
Read MoreCan 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 […]
Read MoreWarning: 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. […]
Read MoreUnderstanding 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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