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      Individual Tax Rates: Understanding the Cost of Living Tax Cut Amendment
      time 2 minute read

      Individual Tax Rates: Understanding the Cost of Living Tax Cut Amendment

      The Cost of Living Tax Cut Bill 2024 was passed on the 5th of March 2024 to change the individual...
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      Unpaid Trust Distributions: ATO's Rulings vs. Recent AAT Decision and What It Means for 2023
      time 1 minute read

      Unpaid Trust Distributions: ATO's Rulings vs. Recent AAT Decision and What It Means for 2023

      It has long been the ATO’s practice to treat a trust’s unpaid present entitlements (“UPE”) to a...
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      Unlock a 20% Tax Bonus: Claim deductions for external training
      time 3 minute read

      Unlock a 20% Tax Bonus: Claim deductions for external training

      Small businesses with an aggregated turnover of less than $50 million will be able to claim a bonus...
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      Seamless BAS integration: ATO prefills Single Touch Payroll data
      time 1 minute read

      Seamless BAS integration: ATO prefills Single Touch Payroll data

      From the 1 July 2023 your wages data collated from your Single Touch Payroll (STP) lodgments will...
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      Bonus 20% tax deduction on technology investments
      time 3 minute read

      Bonus 20% tax deduction on technology investments

      Small business with an aggregated turnover of less than $50 million will be entitled to a 20% bonus...
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      2023/24 Federal Budget Summary
      time 26 minute read

      2023/24 Federal Budget Summary

      The Federal Treasurer, Dr Jim Chalmers, handed down the 2023–24 Federal Budget at 7:30 pm (AEST) on...
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      Claiming deductions for working from home
      time 2 minute read

      Claiming deductions for working from home

      In response to COVID-19 causing a large shift to the number of employees working from home the...
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      Release of payroll tax amnesty for GP's
      time 4 minute read

      Release of payroll tax amnesty for GP's

      The Queensland Revenue Office released their public ruling on the 22nd of December regarding...
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      ATO's continued enforcement of tax avoidance provision
      time 2 minute read

      ATO's continued enforcement of tax avoidance provision

      Right on the heels of the recent Guardian court appeal where the commissioner succeeded in applying...
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      2022/23 Federal Budget Summary
      time 20 minute read

      2022/23 Federal Budget Summary

      The Federal Treasurer, Dr Jim Chalmers, handed down the Labor government's first Federal Budget at...
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      The next evolution in Ulton's journey
      time 1 minute read

      The next evolution in Ulton's journey

      Since 1926, Ulton has grown to become one of Queensland’s largest and most dynamic business and tax...
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      What you need to know about the FBT exemption for electric vehicles.
      time 2 minute read

      What you need to know about the FBT exemption for electric vehicles.

      A full FBT exemption for electric vehicles was introduced into parliament on 27 July 2022. This...
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      The end of sub-trust arrangements
      time 3 minute read

      The end of sub-trust arrangements

      The ATO has put its foot down, from 1 July 2022, trust distributions made to companies will no...
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      2022 Federal Budget Summary
      time 11 minute read

      2022 Federal Budget Summary

      We have summarised the key points from the 2022-2023 budget, that we believe will have the most...
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      2022 Federal Budget | Economic Summary
      time 2 minute read

      2022 Federal Budget | Economic Summary

      We have summarised the key points from the 2022-2023 budget regarding the Australian Economy.
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      Is the individual an employee or an independent contractor?
      time 3 minute read

      Is the individual an employee or an independent contractor?

      This question has plagued business for many years. Recent High Court decisions now provide...
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      100A – ATO continue to crack down on trusts
      time 6 minute read

      100A – ATO continue to crack down on trusts

      The highly anticipated ATO tax ruling on 100A reimbursement agreements was released on the 23rd...
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      Update on allocation of professional firms profits
      time 1 minute read

      Update on allocation of professional firms profits

      On the 16th December 2021, the ATO finalised their Practical Compliance Guideline on the allocation...
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      From 1 July 2021, the Superannuation Guarantee rate is increasing to 10%
      time 2 minute read

      From 1 July 2021, the Superannuation Guarantee rate is increasing to 10%

      The long-awaited increase to superannuation guarantee is upon us with no further delays announced...
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      2021 Federal Budget | Economy Summary
      time 2 minute read

      2021 Federal Budget | Economy Summary

      We have summarised the key points from the 2021-2022 budget regarding the Australian Economy.
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      2021 Federal Budget Summary
      time 14 minute read

      2021 Federal Budget Summary

      We have summarised the key points from the 2021-2022 budget, that we believe will have the most...
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      Allocation of professional firm profits
      time 5 minute read

      Allocation of professional firm profits

      Note: Update to the allocation of professional firm profits can be read here. The ATO has released...
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      New Ulton Brisbane Office
      time 1 minute read

      New Ulton Brisbane Office

      On behalf of the Ulton Partners and team, it is with great excitement that we announce we are...
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      2020 Federal Budget Summary
      time 13 minute read

      2020 Federal Budget Summary

      We have summarised the key points from the 2020-2021 budget, that we believe will have the most...
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      2020 Federal Budget | Economy Summary
      time 2 minute read

      2020 Federal Budget | Economy Summary

      We have summarised the key points from the 2020-2021 budget, that we believe will have the most...
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      JobKeeper 2.0 - Alternative Tests
      time 3 minute read

      JobKeeper 2.0 - Alternative Tests

      In addition to the basic actual decline in the turnover test, the ATO has released their...
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      JobKeeper 2.0 - Eligibility
      time 3 minute read

      JobKeeper 2.0 - Eligibility

      On 3 September 2020, Parliament decided to extend the JobKeeper Scheme until 28 March 2021, that...
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      5 ways you can get a great insight into your business
      time 2 minute read

      5 ways you can get a great insight into your business

      Owners or executives of small- and medium-sized businesses have a lot on their plate just running...
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      APPOINTMENT - Maree McLean joins Ulton
      time 1 minute read

      APPOINTMENT - Maree McLean joins Ulton

      Ulton is delighted to announce that we have appointed Maree McLean as a Client Manager to our...
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      4 business areas you should be reporting on
      time 2 minute read

      4 business areas you should be reporting on

      If you're running a small or mid-sized business, there's a good chance you're not operating as...
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      Everything you need to know about PAYG
      time 3 minute read

      Everything you need to know about PAYG

      If you are an employer or own a self-managed superannuation fund (SMSF) you may be required to...
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      Labour costs on capital assets are non-deductible.
      time 4 minute read

      Labour costs on capital assets are non-deductible.

      Generally, many business owners expect that the cost of labour will give rise to a tax deduction in...
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      Taxing the homes of Aussie expats.
      time 2 minute read

      Taxing the homes of Aussie expats.

      On 5 December 2019, the Treasury Laws Amendment (Reducing Pressure on Housing Affordability...
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      Changes to Payroll Tax - Payroll Tax Decreased!
      time 2 minute read

      Changes to Payroll Tax - Payroll Tax Decreased!

      On 28 June 2019 the Queensland Parliament passed the Revenue and Other Legislation Amendment Bill...
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      2019 Federal Budget - Economy
      time 1 minute read

      2019 Federal Budget - Economy

      While the deficit for this year is expected to be $4.2bn, the Treasurer announced return to surplus...
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      2019 Federal Budget - Individual
      time 1 minute read

      2019 Federal Budget - Individual

      New Tax Cuts The Government has introduced new immediate tax relief for low-and-middle‑income...
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      2019 Federal Budget - Other
      time 2 minute read

      2019 Federal Budget - Other

      Last year we introduced the budget as a pre-election budget so this year’s we will have to refer to...
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      2019 Federal Budget - Business
      time 1 minute read

      2019 Federal Budget - Business

      Small and Medium Business Instant Asset Write Off increased to $30k The instant asset write off has...
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      Tax Residency – We now seem to be certain that Mr. Harding is a resident of the Middle East
      time 6 minute read

      Tax Residency – We now seem to be certain that Mr. Harding is a resident of the Middle East

      With the ever increasing globalisation of trade and commerce, the geographic mobility of many...
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      Company tax rate lowered from 27.5%
      time 2 minute read

      Company tax rate lowered from 27.5%

      With a speed not usually seen with tax legislation, the Treasury Laws Amendment (Lower Taxes for...
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      Additional Tax Deductions for Farmers
      time 1 minute read

      Additional Tax Deductions for Farmers

      There is now further relief for primary producers to allow immediate deductions for fodder storage...
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      Access to the Lower Corporate Tax Rate: The New 'Passive Income Test'.
      time 4 minute read

      Access to the Lower Corporate Tax Rate: The New 'Passive Income Test'.

      The Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018 received royal...
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      PART 2 - Property development and the new GST withholding regime is now law
      time 3 minute read

      PART 2 - Property development and the new GST withholding regime is now law

      The Treasury Laws Amendment (2018 Measures No. 1) Bill 2018 was passed on the 29 March 2018. This...
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      Here's the ATO 2018 'hit list' for FBT
      time 1 minute read

      Here's the ATO 2018 'hit list' for FBT

      With the end of the financial year approaching the ATO has released its hit list of what will be...
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      Foreign residents and the main residence capital gains tax exemption
      time 3 minute read

      Foreign residents and the main residence capital gains tax exemption

      A new law removing a Foreign Residents’ access to the Capital Gains Tax (CGT) exemption on the sale...
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      Property development and the new GST withholding regime from 1 July 2018
      time 3 minute read

      Property development and the new GST withholding regime from 1 July 2018

      On February 7, 2018 the government introducedTreasury Laws Amendment (2018Measures No. 1) Bill...
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      Payroll Tax Grouping in Queensland – What is it and Does it Affect My Businesses?
      time 2 minute read

      Payroll Tax Grouping in Queensland – What is it and Does it Affect My Businesses?

      Why does The Office of State Revenue (OSR) Group? When commonly owned or commonly controlled...
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      Payroll Tax and Payments to Contractors
      time 2 minute read

      Payroll Tax and Payments to Contractors

      Payroll Tax is a state tax collected on wages once the applicable threshold has been met.
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      Dramatic Depreciation Changes for Australian Property Investors
      time 1 minute read

      Dramatic Depreciation Changes for Australian Property Investors

      The most dramatic change to property depreciation legislation in more than 15 years was passed in...
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      Ulton's day at the races raises over $7000 for Bundaberg AEIOU centre.
      time 1 minute read

      Ulton's day at the races raises over $7000 for Bundaberg AEIOU centre.

      Ulton raised $7150 for the AEIOU Foundation at the firm's12th annual racedayat the Bundaberg...
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      Salary Sacrifice Super and Superannuation Guarantee changes
      time 2 minute read

      Salary Sacrifice Super and Superannuation Guarantee changes

      The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP hasstatedthat the...
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      Family Groups - Loans from companies to trusts after PCG 2017/13
      time 2 minute read

      Family Groups - Loans from companies to trusts after PCG 2017/13

      THE ATO HAS TODAY RELEASED –PCG 2017/13 DIVISION 7A – UNPAID PRESENT ENTITLEMENTS (UPE) UNDER...
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      Access to prior year losses increased with new similar business test
      time 2 minute read

      Access to prior year losses increased with new similar business test

      From 1 July 2015 theTreasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017which...
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      CGT Withholding for Property Transactions – Update
      time 1 minute read

      CGT Withholding for Property Transactions – Update

      From 1 July 2017 even more purchasers of real property in Australia will need to be aware to the...
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      ATO clarity on work related travel and meal expense deductions
      time 8 minute read

      ATO clarity on work related travel and meal expense deductions

      At National Press Club of Australia on 5 July 2017 the Commissioner of Taxation, Chris Jordan...
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      ATO reporting unpaid tax debts to credit agencies
      time 1 minute read

      ATO reporting unpaid tax debts to credit agencies

      As of 1 July2017,the ATO will be attempting to apply commercial pressure on taxpayers who have...
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      A Deceased’s Legal Personal Representative and Tax Liabilities up to the Date of Death (PCG 2017/D2)
      time 2 minute read

      A Deceased’s Legal Personal Representative and Tax Liabilities up to the Date of Death (PCG 2017/D2)

      On 5 July, the ATO issued a Draft Practical Compliance Guideline - PCG 2017/D2 - with the intent of...
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      Is your company carrying on a business of property investment?
      time 1 minute read

      Is your company carrying on a business of property investment?

      When we think of rental properties most of us think of passive investments. However, are you really...
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      2017 Budget Crystal Ball
      time 2 minute read

      2017 Budget Crystal Ball

      The 2017 Federal Budget will be announced in a few weeks and Professor Robert (Bob) Deutsch, the...
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      Uber Loses Landmark GST Battle Against the ATO
      time 1 minute read

      Uber Loses Landmark GST Battle Against the ATO

      Ride sharing disruptor Uber has lost its fight against the Australian Taxation Office in the...
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      Small Business Company Tax Rate Decrease - What it Means to Companies and Shareholders
      time 3 minute read

      Small Business Company Tax Rate Decrease - What it Means to Companies and Shareholders

      The corporate tax rate for a small business has been decreased from 30% to 28.5% for the 2015-2016...
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      CGT Withholding for Property Transactions – from 1 July 2016
      time 1 minute read

      CGT Withholding for Property Transactions – from 1 July 2016

      The new financial year will see a new obligation to be levied on the sellers and purchasers of...
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