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Claiming interest expenses for rental properties
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or...
Company loss carry back measure explained
The Background The last Federal Budget carried with it a number of tax changes that were designed to assist the Australian economy recover from the...
New residential property and GST reporting obligation
New residential property is a popular investment for many, and can be especially so for self-managed superannuation funds, however the ATO is...
What the “full expensing” write-off deduction means for business
The Federal Budget measure of allowing businesses to fully write-off eligible assets is a boon to Australian businesses, even though the measure is...
2020 Federal Budget – impact on individuals and businesses
We all understand that budgets are an exercise in predicting the future. Given what has happened in 2020, gazing into the crystal ball and...
JobKeeper extension eligibility (updated)
JobKeeper rules, conditions and payment rates have changed Legislation has been put in place to extend the JobKeeper scheme beyond its original...
COVID-19 payments and some issues for companies and trusts
With many having received cash flow boost and JobKeeper payments, there can arise some unique issues where these amounts are received within a trust...
Rental Property: Tax Approach Adjusts for COVID-19
The COVID-19 pandemic has placed property owners, and tenants in many cases, in unfamiliar territory. Many tenants have been paying reduced rent or...
NSW Discretionary Trust and Land Tax Surcharge
In NSW, surcharge purchaser duty applies to acquisitions of NSW residential land by foreign persons, and surcharge land tax applies to foreign...
Extension of the JobKeeper Payment
The JobKeeper payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including...
Employment Law and COVID-19: Q & A
As with many elements of the economy in these days of the coronavirus epidemic, it is not only taxation and superannuation dealings that have been...
Last-minute tax planning tactics
This financial year is almost over, but there are still effective strategies you may be able to employ to make sure you pay the right amount of tax...
Employment Law and JobKeeper Payment – Q&A
What are the remedies for an employer where the employee unwilling to work additional hours equivalent to the $1,500 per JobKeeper fortnight?The...
Tax Treatment for Employee Travel Allowances
To compensate for travel expenses when employees sleep away from home for work purposes, an allowance is often paid by their employer to cover meal,...
7 Alternative tests for JobKeeper payment
An alternative decline in turnover test for the JobKeeper payment scheme has now been registered by the ATO. The legislative...
Early Release of Super – COVID-19
As a part of the safety net stimulus packages, the government announced that individuals that are adversely effected by coronavirus (COVID-19) can...
JobKeeper Payment – No employees? no problem!
The ATO has put out guidance on how sole traders and some other entities such as partnerships, trusts or companies may be entitled to the JobKeeper...
$66.1bn Stimulus package: what you need to know
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes...
Claiming interest expenses for rental properties
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or...
Company loss carry back measure explained
The Background The last Federal Budget carried with it a number of tax changes that were designed to assist the Australian economy recover from the...
New residential property and GST reporting obligation
New residential property is a popular investment for many, and can be especially so for self-managed superannuation funds, however the ATO is...
What the “full expensing” write-off deduction means for business
The Federal Budget measure of allowing businesses to fully write-off eligible assets is a boon to Australian businesses, even though the measure is...
2020 Federal Budget – impact on individuals and businesses
We all understand that budgets are an exercise in predicting the future. Given what has happened in 2020, gazing into the crystal ball and...
JobKeeper extension eligibility (updated)
JobKeeper rules, conditions and payment rates have changed Legislation has been put in place to extend the JobKeeper scheme beyond its original...
COVID-19 payments and some issues for companies and trusts
With many having received cash flow boost and JobKeeper payments, there can arise some unique issues where these amounts are received within a trust...
Rental Property: Tax Approach Adjusts for COVID-19
The COVID-19 pandemic has placed property owners, and tenants in many cases, in unfamiliar territory. Many tenants have been paying reduced rent or...
NSW Discretionary Trust and Land Tax Surcharge
In NSW, surcharge purchaser duty applies to acquisitions of NSW residential land by foreign persons, and surcharge land tax applies to foreign...
Extension of the JobKeeper Payment
The JobKeeper payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including...
Employment Law and COVID-19: Q & A
As with many elements of the economy in these days of the coronavirus epidemic, it is not only taxation and superannuation dealings that have been...
Last-minute tax planning tactics
This financial year is almost over, but there are still effective strategies you may be able to employ to make sure you pay the right amount of tax...
Employment Law and JobKeeper Payment – Q&A
What are the remedies for an employer where the employee unwilling to work additional hours equivalent to the $1,500 per JobKeeper fortnight?The...
Tax Treatment for Employee Travel Allowances
To compensate for travel expenses when employees sleep away from home for work purposes, an allowance is often paid by their employer to cover meal,...
7 Alternative tests for JobKeeper payment
An alternative decline in turnover test for the JobKeeper payment scheme has now been registered by the ATO. The legislative...
Early Release of Super – COVID-19
As a part of the safety net stimulus packages, the government announced that individuals that are adversely effected by coronavirus (COVID-19) can...
JobKeeper Payment – No employees? no problem!
The ATO has put out guidance on how sole traders and some other entities such as partnerships, trusts or companies may be entitled to the JobKeeper...
$66.1bn Stimulus package: what you need to know
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes...
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