Your Knowledge
What’s changing on 1 July 2024?
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny.
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Your Knowledge
Jun 63 min read
ATO fires warning shot on trust distributions
The ATO has warned that it is looking closely at how trusts distribute income and to who.
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Your Knowledge
Jun 68 min read
The essential 30 June guide
We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.
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Your Knowledge
May 73 min read
Company money crackdown
The ATO is cracking down on business owners who take money or use company resources for themselves. It’s common for business owners to...
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Your Knowledge
Apr 122 min read
Budget 2024-25
The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected...
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Your Knowledge
Apr 122 min read
The assault on professional services
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the...
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Your Knowledge
Mar 124 min read
The Fringe Benefit Tax traps
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention. Electric...
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Your Knowledge
Mar 122 min read
The ATO Debt Dilemma
In 2023, the Australian National Audit Office advised the ATO that excluding debt from being offset was inconsistent with the law, regardles
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Your Knowledge
Mar 121 min read
Revised stage 3 tax cuts confirmed for 1 July
The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Before the new tax rates come into effect,...
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Your Knowledge
Feb 83 min read
Stage 3 personal income tax cuts redesigned
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the...
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Your Knowledge
Feb 86 min read
Can my SMSF invest in property development?
Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax...
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Your Knowledge
Feb 83 min read
The problem when the evidence doesn’t match what the taxpayer tells the ATO
A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax...
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