Latest News

Proposed changes to 'Backpacker' tax

The Australian Government has published proposed changes to the Working Holiday Maker Program. Generally, this program allows young adults (aged 18 to 30) from eligible partner countries to work in Australia while having an extended holiday.

Wednesday 4th January 2017 Backpacker Tax

Company ATO debts now affect credit ratings

The ATO has announced that from 1 July 2017 it will notify Credit Rating Bureaus about businesses that have not "effectively engaged" with it about their tax debts. Initially the measure will only apply to businesses with Australian Business Numbers and tax debts over $10,000 that are at least 90 days overdue.

Wednesday 4th January 2017

Should you be paying land tax?

Property continues to be a popular asset class for Australian investors. Whilst it is important to consider all of the qualitative aspects of a property when performing due diligence including location, build quality and appearance, it is equally important to consider the quantitative considerations of the asset including rental return, holding costs, ownership costs and taxes imposed.

Thursday 17th March 2016

Are you ATO SuperStream ready?

From 1 July 2016 all Australian businesses that pay Superannuation Guarantee on behalf of their employees must adhere to the new SuperStream rules.

Thursday 18th February 2016

Newly Registered SMSFs lodgement due 28 February

A reminder that annual Income Tax Returns are due for new registrant (taxable and non-taxable) SMSFs by 28 February 2016. Considering that the funds Income Tax Return and Financial Statements need to be completed and independently audited members should ensure there records are provided to there accountant as soon as practicable.

Monday 15th February 2016

The Tax Implications of Uber

As Uber continues to grow in popularity more and more Australians are taking up driving for the San Francisco based company. As with all income producing activities in Australia, it is important to understand the tax implications involved in driving for Uber and participating in the ride sharing economy.

Thursday 11th February 2016

ATO Targets Holiday Homes

The ATO has issued several statements confirming to both tax agents and the general public, that they intent to target holiday home rental properties this coming tax year.

Tuesday 9th February 2016 Holiday Home Tax Return, Airbnb Tax Return, Investment Property