‘Tis the season… a Christmas carol for you
On the 12th day of Xmas my accountant gave to me: 12 reports, 11 actions, [...]
Aug
Common tax deductions for small business
This year more than ever it’s important to get your records and tax return correct [...]
Aug
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" [...]
Aug
Modernising individual tax residency framework – ATO’s new guidance
The ATO has released a tax ruling intended to provide guidance as to how the [...]
Aug
Small business energy incentive
Businesses with an aggregated turnover of less than $50 million will be entitled to a [...]
Jul
Update: Crypto assets are now specifically excluded from foreign currency
Crypto assets are now specifically excluded from being foreign currency for income tax purposes.
Jul
Claiming your bonus deduction for technology investment this year
The small business technology investment boost is wrapping up on 30 June 2023. As it [...]
Jun
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 [...]
Jun
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 [...]
May