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Tax on super balances above $3m hits Parliament
Legislation enabling an extra 15% tax on earnings on super balances above $3m is before Parliament. While not a concern for the average...

Your Knowledge
Dec 20, 20232 min read
15


Workers owed $3.6bn in super guarantee
Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure...

Your Knowledge
Nov 13, 20234 min read
11


When trust distributions to a company are left unpaid
What happens when a trust appoints income to a private company beneficiary but does not actually make the payment? The tax treatment of...

Your Knowledge
Nov 13, 20231 min read
15


Fixed-term employment contracts limited to 2 years
From 6 December 2023, employers can no longer employ an employee on a fixed-term contract that: is for 2 or more years (including...

Your Knowledge
Nov 13, 20231 min read
20


30% tax on super earnings on balances above $3 million
Treasury has released draft legislation for consultation to enact the Government’s plan to increase the tax rate on earnings on...

Your Knowledge
Nov 13, 20231 min read
6


When is food GST-free?
Chobani plain yoghurt is GST-free but Chobani’s ‘flip’ range is taxable? A recent case before the AAT demonstrates how fine the dividing...

Your Knowledge
Nov 13, 20233 min read
10


Warning: Redrawing investment loans
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax...

Your Knowledge
Nov 13, 20232 min read
11


$20k deduction for ‘electrifying’ your business
Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We...

Your Knowledge
Oct 11, 20233 min read
28


The ‘Airbnb’ Tax
Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the...

Your Knowledge
Oct 11, 20234 min read
16


Self-education: What can you claim?
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of...

Your Knowledge
Oct 11, 20234 min read
24


30% tax on super earnings above $3m
Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances...

Your Knowledge
Oct 11, 20231 min read
7


The Billion Dollar TikTok Scandal
$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100...

Your Knowledge
Sep 7, 20234 min read
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