Success in sport is all about playing your A game. Being the best you can be through preparation and training leading up to the game, as well as through your actions during and after the game - showing modesty and humility in success and graciousness...
Transferring a commercial property into an SMSF can be a great way to build retirement savings and take advantage of the tax benefits available to SMSFs. The rental income and capital gains are concessionally taxed, or even tax exempt to the extent the property supports...
Undertaking further study is a great way to enhance your skills on the job, but on top of tuition fees you may be facing a range of additional costs. After discussing when you can deduct your course fees in our last article, we’re now considering how...
Human beings are often described as creatures of habit, but the truth is, behaviour change is hard. As busy people, making a change either means cramming something else into our days, or replacing something that we’re used to doing. Neither option is especially easy, but with...
Have you run a small business that has ceased or paused operations? Or perhaps you’ve been hired as an ABN contractor? The ATO is cleaning up the Australian Business Register and is on the lookout for people who may not be entitled to hold an...
Planning on going “back to school”? The costs can really add up, but the good news is that your course fees may be deductible if the course is sufficiently related to your current employment. In this first instalment of a two-part series, we explain when...
Have you sorted out Single Touch Payroll (STP) arrangements for your small business? If not, it’s time to get cracking! From 1 July 2019, STP reporting will become mandatory for all employers, including small businesses (ie those with fewer than 20 employees) that have previously...
“Gig economy” platforms like Airtasker are allowing Australians to earn some extra cash by completing a staggering variety of odd jobs – everything from gardening to data entry and even standing in line for concert tickets! Here, we explain the tax issues that arise when...
It is pleasing to see that the Australian government has made changes to the approach to small business taxation disputes with the Australian Taxation Office. The way the Australian taxation system works regarding disputes with the Australian Taxation Office (ATO) has been on a pay now...
Car expense claims are one of the most popular deductions claimed by individuals at tax time each year, but the ATO says not everyone gets it right. Make sure you know the basic rules for when and how you can make a claim. These rules apply...