Tax Office homing in property deductions, SMSFs warned

With property deductions a big focus for the ATO this tax time, SMSFs have been warned on some of the pitfalls in this area that can land them in trouble.

Sub-trusts ‘redundant’ under final Div 7A ruling

With interest-only loans no longer an option the commercial incentive for sub-trusts ends, says the Tax Institute.

Tax time guide offers path through 100A

ATO update on trust distributions outlines key features of low and high-risk arrangements.

Write a business plan

A written business plan is essential to help you start and grow your business

Be wary of trust disclaimers, ATO warns

Beneficiaries are urged to understand the tax effect of entitlements in the wake of a recent High Court decision.

Largest inflation rates by country in Oceania

See how the inflation rates changed from 1960-2022

Single Touch Payroll: Phase 2 deferral reminder

First update was in January 2022, now phase 2.

Census 2021 Data

Search through the data collected by the Australian Bureau of Statistics, and find interesting facts about how the country is changing.

Tax time tips

The more detail you can give your accountant the quicker your tax return can be processed and,
usually, the better the outcome. The following will help.

Tax Time Checklists – 2022 Individuals; Company; Trust; Partnership; and Super Funds

  Working from home because of COVID-19 means most will…

100A ruling turns tax avoidance logic on its head

The ATO’s 100A draft ruling on trusts has turned the logic of “tax avoidance” on its head and may be fundamentally flawed, according to tax law specialist Ron Jorgensen.

100A ruling ‘turns tax avoidance logic on its head’

The ATO’s 100A draft ruling on trusts has turned the logic of “tax avoidance” on its head and may be fundamentally flawed, according to tax law specialist Ron Jorgensen.