ALP announces massive (potential) changes to trust taxation
Although we don't normally report on Opposition tax policies, this policy change is so fundamental, and the existing state of the Federal...
NONRESIDENTS - No more main residence exemption
Draft Legislation The Government announced in the Federal Budget that changes would be made to prevent non-residents from accessing the...
New Approved Occupational Clothing Guidelines 2017
The government has issued new guidelines to set out criteria for tax deductible non-compulsory uniforms. The taxation law only allows a...
NEW LIMITS - on deductions for rental properties
Legislation In the 2017-18 Federal Budget the Government announced a number of measures aimed at the tax treatment of property owners,...
KEY SUPER REFORMS from 1 July 2017
Non-concessional contributions capped at $1.6 million – Once your super balance has reached $1.6m, from 1 July 2017 you will no longer be...
Simpler BAS July 1
The ATO is reducing the amount of information needed to be included in the business activity statement (or ‘BAS’) to simplify GST...
Personal Super Contribution Changes
Up until 30 June 2017, an individual (mainly those who are self-employed) could claim a deduction for personal super contributions where...
Review of PAYG Instalment System
The Inspector-General of Taxation (IGT) will conduct a review into the operation of the PAYG instalment system. The review will focus on...