Tax

1st July Company Tax Rate Reduction

Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020. The 1 July change is part of a […]

Have Casual Workers Been Granted Annual Leave?

News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail. At […]

COVID19: Relief for Commercial Tenants… and the Implications for Landlords

Can you Benefit under Recent Government Support Measures? In this article, we provide information on recently-established support for commercial tenants and what this means for landlords. An announcement on 7th […]

ATO Home Office Claim Guidelines

The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional […]

The COVID 19 Stimulus & Support Measures

We’ve designed this guide as a quick reference to the COVID-19 related tax and financial support that might be available to you. The Government has flagged that more support is […]

The Proposed JobKeeper Subsidy

The Federal Government has announced (as part of its Coronavirus Stimulus Package) the introduction of a new JobKeeper Payment to assist eligible employers (and self-employed individuals) who have been impacted […]

Government’s Coronavirus Stimulus Package

The following is a broad summary of the key aspects of the Federal Government’s stimulus package in response to the Coronavirus, as recently announced and enacted. The summary is based […]

FBT hot spot

With the start of the Fringe Benefits Tax year looming on 1 April, businesses are being urged to review their Fringe Benefits Tax (FBT) position. The ATO’s top FBT problem […]

CGT and the family home: expats and foreigners excluded from tax exemption

Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia […]

Tax alert: Distributions to non-resident beneficiaries

The ATO’s recently released interpretation of the tax treatment of capital gains distributed by an Australian discretionary trust to non-resident beneficiaries will have a significant negative impact for some. Two […]

ATO Cracks Down on Foreign Income

The Australian Taxation Office (ATO) has identified under-reporting of foreign income is an issue. 5 years ago, the ATO gave a reprieve for those who should have been penalised for […]

Personal Income Tax Changes Cause Uncertainty for Taxpayers

Taxpayers expecting to receive the recent income tax cut subsidy of $1,080 have been left disappointed and confused when lodging their tax returns. This new tax cut does not entitle […]

Tax