News highlights
The tax refund many Australians expect has dramatically reduced. We show you why.
This proposal has now been adopted by the current Government and details released in recent exposure draft by Treasury.
It is a great headline, isn't it? Spend $100 and get a $120 tax deduction. But, there are a few problems.
All directors of a company, registered Australia body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director ID. How to register?
From 1 January 2023, those 55 and over can make a 'downsizer' contribution to superannuation.
Heading into the 2022-2023 Federl Budget on 25 Oct, the question for Australian Government is not whether to introduce personal income tax cuts but whether to keep, amend or repeal the cuts legislated to commence on 1 July 2024.
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. Who can access the concession and how?
There are two key components at play in the sale of business: structuring the transaction; and positioning the business to the market.
The new rules change the definition of a close contact in line with the harmonised national definition.
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return.
Over the next decades, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfer of business wealth in its history.
Anthony Albanese has been sworn in as Australia's 31st Prime Minister and a Government formed. We look at what we know so far about the policies of the new Government in an environment with plenty of problems and no easy fixes.
The main residence exemption that excludes your home from capital gain tax and the trigger that reduce or exclude that exemption.
From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term accommodation to report their transactions to the ATO each year.
The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel, and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022.
In general , a tax deduction for fitness expenses is only available if your job requires you to have an extremely high level of fitness.