Image rights to be taxed in individual returns only

An ATO tax determination has clarified that earnings from an individual's "image rights" or "fame" [...]

Modernising individual tax residency framework – ATO’s new guidance

The ATO has released a tax ruling intended to provide guidance as to how the [...]

Small business energy incentive

Businesses with an aggregated turnover of less than $50 million will be entitled to a [...]

Update: Crypto assets are now specifically excluded from foreign currency

Crypto assets are now specifically excluded from being foreign currency for income tax purposes.

Claiming your bonus deduction for technology investment this year

The small business technology investment boost is wrapping up on 30 June 2023. As it [...]

Training your staff? You could get a 20% bonus deduction.

Small businesses will get a bonus tax deduction on top of the allowable deduction for [...]

Small business instant asset write-off to be reintroduced

As part of the 2023–24 Federal Budget, the instant asset write-off has been reintroduced by [...]

2023 Federal Budget Highlights

The Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. [...]

More information released on the removal of tax concessions for large superannuation balances

The federal government has announced its intention to change tax concessional treatment of very large [...]

Requesting payment of overdue accounts in an economic slowdown

In an economic downturn, cash must continue flowing through our economy. Continue enforcing your Terms [...]