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Avoiding the FBT Christmas Grinch!

Avoiding the FBT Christmas Grinch!

It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation, etc. Here are my top tips for ensuring your workplace Christmas season is generous and tax-effective. Tax & Christmas For GST-registered...
Taxing fame: The ATO’s u-turn

Taxing fame: The ATO’s u-turn

Sportspeople, media personalities, celebrities, and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. If you’re famous and make an income from your fame and image, the way the ATO believes you should be...
Where are interest rates headed?

Where are interest rates headed?

Low-interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy, and central banks reduced interest rates even further. Coming out of COVID, housing market demand was...
Director ID deadline looms

Director ID deadline looms

The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022.  All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation...
Federal Budget 2022-23: The Cost of Living Budget

Federal Budget 2022-23: The Cost of Living Budget

There is nothing in this Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity driven...
Federal budget 2022-23: Your superannuation

Federal budget 2022-23: Your superannuation

Change to taxation of off-market share buy-backs by listed companies From7:30pm AEDT, 25 October 2022 From Budget night, 7:30pm AEDT, 25 October 2022, the Government intends to align the tax treatment of off-market share buy-backs undertaken by listed public companies...