by Pistol | Dec 11, 2023 | eNews
Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024? We explore some of the key issues and influences. Inflation and labour supply RBA Governor Michelle Bullock stated, “Inflation is past its peak and heading...
by Pistol | Dec 11, 2023 | eNews
Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season. 1. Keep team gifts spontaneous $300 is the minor benefit threshold for FBT, so anything at or above this level will mean...
by Pistol | Nov 16, 2023 | eNews
The ATO estimates that incorrect reporting of rental property income and expenses costs around $1 billion yearly in forgone tax revenue. A big part of the problem is how taxpayers claim interest on their investment property loans. We’ve seen an uptick in ATO...
by Pistol | Nov 16, 2023 | eNews
Chobani plain yoghurt is GST-free, but Chobani’s ‘flip’ range is taxable? A recent case before the AAT demonstrates how fine the dividing line is between GST-free and taxable foods. Back in 2000, when the Goods & Services Tax (GST) was first...
by Pistol | Nov 16, 2023 | eNews
Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to change dramatically. Superficially, the statistics on employer superannuation...
