20 February 2019 There are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election. Individuals could be affected by: Losing franking credit refunds to their Self-Managed Super Funds and to themselvesPaying higher capital...
18 February 2019 Australian businesses who employ 19 or fewer employees will have until 1 July 2019 to get ready for mandatory Single Touch Payroll (STP) reporting. The requirement is already in place for businesses who employ 20 or more staff, which became mandatory...
6 February 2019 Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income. If you are an Australian resident and earn income from overseas, such as income from investments, sale of assets such as property,...
14 January 2019 The Australian Tax Office (ATO) is utilising data provided by the Australian Investments and Security Commission (ASIC) to data match share trades. The ATO is accessing more than 500 million records detailing price, quantity and time of individual...
9 January 2019 Now that the dust has settled on the silly season, it’s full steam ahead into 2019 – make sure you’re on track to meet these January ATO deadlines and start 2019 on the right foot. 15 January Lodge tax return for taxable...
18 December 2018 The ATO does not allow you to ‘flip’ a property tax free even if you are living in it. Most people think that they can move in to a property, renovate it, and then sell it without paying tax. The main residence exemption – the exemption that...
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