The dangers of income splitting
Now and then the ATO issues warnings on how its general anti-avoidance legislation can apply to professional firms that allocate profits to individual professional practitioners…
Now and then the ATO issues warnings on how its general anti-avoidance legislation can apply to professional firms that allocate profits to individual professional practitioners…
Sometimes, there’s no tax on certain types of income It is possible to receive amounts that you do not need to tell the taxman about,…
Travel to a workplace: What’s in, what’s out A recurrent topic of conversation and enquiry when it comes to possible tax deductions is when taxpayers…
Backpacker tax: Government backs down The Federal Government has responded to pressure and dropped its plan to introduce a 32.5% tax on backpacker workers. Instead,…
There are tempting tax incentives for Australians to save for their retirement via the superannuation system, with an array of choice between superannuation funds that…
Do-it-yourself superannuation, in one form or another, has been around for about 30 years. But it has only been over the last few years that…
If you identify a goods and services tax (GST) error for a previous period or on an already lodged business activity statement (BAS), there is…
Everyone assumes that the $20,000 instant asset write-off is exclusive to eligible small businesses. However there is a hidden gem buried within the small business…
It was about 1990 when the ATO was asked about the tax deductibility of interest on a loan a business may have taken out to…