Month: March 2024
Revised Stage 3 Tax Cuts Confirmed For 1 July
Parliament has approved the modified stage 3 tax reductions, which are scheduled to take effect starting 1 July 2024. Prior to the implementation of the updated tax brackets, it’s important […]
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How To Take Advantage Of The 1 July Super Cap Increase
Starting on 1 July 2024, there will be an opportunity to enhance your superannuation contributions. Let’s explore how you can benefit from this upcoming change. Come 1 July 2024, the […]
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The ATO Debt Dilemma
In the closing months of last year, a myriad of taxpayers and their representatives were alerted by the Australian Taxation Office (ATO) regarding the existence of outstanding historical tax debts. […]
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Pitfalls of the Fringe Benefits Tax
The fiscal period for the Fringe Benefits Tax (FBT) concludes on March 31st. We delve into the problematic areas that are expected to draw scrutiny from the ATO. Electric Vehicles […]
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Inconsistencies Between Taxpayer Claims and ATO Evidence
A striking case brought before the Administrative Appeals Tribunal (AAT) recently underscored the critical nature of aligning one’s tax claims with the supporting evidence provided. This case revolved around heritage […]
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