by Pistol | Apr 19, 2024 | eNews
The 2024-25 Federal Budget is the third for the Albanese Government, and consistent with previous years, commentators expect the primary themes to be the cost of living and the economic shift to net zero. According to election guru Antony Green, the window for...
by Pistol | Mar 7, 2024 | eNews
Late last year, the Australian Taxation Office (ATO) advised thousands of taxpayers and their agents they had an outstanding historical tax debt. The only problem is that many did not know the tax debt existed. The ATO can only release a taxpayer from a tax debt in...
by Pistol | Mar 7, 2024 | eNews
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention. Electric vehicles causing sparks In late 2022, the Government introduced a concession that enables employers to provide some...
by Pistol | Mar 7, 2024 | eNews
It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive on its own. A recent case highlights the dangers of taking money out of a company without carefully considering the tax...
by Pistol | Jan 31, 2024 | eNews
Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the ATO warns. Where there is a written contract, the rights and obligations of the...
by Pistol | Jan 31, 2024 | eNews
A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax position you are taking. The case involves heritage farmland originally purchased for $1.6m that sold seven years later for...
