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...
18 December 2018 If you’re thinking of earning a little extra cash over the holidays by participating in a ride-sourcing arrangement (think Uber driver), there are a few things you need to take care of before you hit the road. Firstly, what is ride-sourcing? The...
19 November 2018 Fringe Benefit Tax (FBT) is something the ATO has been cracking down on in recent years, so it’s important to know what transactions are affected by FBT. If you offer employees benefits that involve cars, loans, travel or entertainment,...
24 October 2018 The first quarter of the new financial year is almost over already! But before you get too preoccupied with the upcoming silly season, tick your Q1 BAS off the list first. TO help you out, here are a few useful tips, courtesy of the ATO* BAS record...
8 October 2018 Implications of your Christmas Party from a FBT perspective With the festive season fast approaching, employers may begin planning their Christmas party and should be aware of the tax implications of such events. When an employer provides a non-cash...
19 September 2018 The Senate has delivered some good news for 3.3 million eligible Australian small businesses by passing the extension of $20,000 instant asset write-off scheme. Treasurer Josh Frydenberg recently announced the extension passed through the Senate,...
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