Tax
The ATO’s JobKeeper audit targets
“…while it is all very well to talk of ‘turning points’, one can surely only recognise such moments in retrospect.” Kazuo Ishiguro, The Remains of the Day The JobKeeper subsidy […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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