1 min 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 exemption is designed to bolster the government’s support for the take up of electri.....

3 min 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 longer be allowed to be held under a sub-trust arrangement.

3 min read

Is the individual an employee or an independent contractor?

This question has plagued business for many years. Recent High Court decisions now provide clarification for business.

6 min read

100A – ATO continue to crack down on trusts

The highly anticipated ATO tax ruling on 100A reimbursement agreements was released on the 23rd February 2022 accompanied by a Practice compliance guideline (PCG) and Taxpayer Aler.....

1 min read

Update on allocation of professional firms profits

On the 16th December 2021, the ATO finalised their Practical Compliance Guideline on the allocation of professional firm profits which was released as a draft in April 2021. These .....

6 min read

Allocation of professional firm profits

The ATO has released draft Practical Compliance Guidance (PCG) 2021/D2, which details the ATO compliance approach when applying resources to consider the allocation of professional.....

6 min read

EOFY Strategies

With global restrictions easing, markets correcting and businesses starting to adjust to the COVID-19 safe new normal; now is an important time to consider End of Financial Year St.....

1 min read

Company Director Alert: Has your company paid its BAS debts?

GST component now included in Director’s Penalty Notice regime, from 1 April 2020.

2 min read

“Is your real estate used in a business?” The Commissioner tells Eichmann the Builder – “No it isn’t.”

Some of the most effective tax savings are to be found in the Small Business Capital Gains Tax Concessions. These concessions will apply when a business owner sells an active busin.....