News

We keep you informed on the latest accounting, business taxation and audit news for small, medium and family businesses.

News2020-04-30T18:36:30+10:00

Tax consequences of inheriting property

11th December 2024|News|

Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your

Are student loans too big?

11th December 2024|News|

Australian voters tend to reject US style education favouring more egalitarian systems where income does not determine access. In the US, average student debt is USD

Payday super: the details

11th December 2024|News|

‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers. From 1

Property and ‘lifestyle’ assets in the spotlight

25th September 2024|News|

Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at these assets to see if what

It wasn’t me: the tax fraud scam

25th September 2024|News|

You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k issued.

Is your family home really tax free?

25th September 2024|News|

The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s never

Do your kids really want to take over your business?

24th June 2024|News|

Generational succession - handing your business across to your kids or family - sounds simple enough but, many families end up in a dispute right at

Should you be the ‘bank of Mum & Dad’?

24th June 2024|News|

The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst. The average price of a home in NSW is

The essential 30 June guide

24th June 2024|News|

The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.

Electric vehicles causing FBT sparks

28th March 2024|News|

Author: Karina Heydon The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention around the

How to take advantage of the 1 July super cap increase

28th March 2024|News|

Author: Shaun Allen From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change.

Revised stage 3 tax cuts confirmed for 1 July 2024

28th March 2024|News|

Author: James Sanguanchati The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. This will mean that more

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