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...
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,...
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