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Deductions for working from home

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Working from home: What deductions can you claim?

For a while now, the ATO has been concerned about tax deductions individuals have been claiming for home office expenses.  We guide you through what you can and can’t claim if you work from home. (more…)

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Employee vs Contractors

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Contractor or employee? Defining workers in the gig economy.

A former Foodora Australia delivery rider recently won an unfair dismissal claim despite a service agreement that classified him as an independent contractor. We explore the implications of the case because the facts of this case are relevant to all businesses engaging contractors. (more…)

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Single Touch Payroll: what you need to know

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Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018.
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One-off Super Guarantee Amnesty

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Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new amnesty announced late last month.
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FBT: Understanding the misunderstood tax

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FBT: Understanding the misunderstood tax

We’ve outlined the key Fringe Benefits Tax (FBT) hot spots for employers and employees.  (more…)

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Are you at risk of losing your Main Residence Exemption?

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Why ‘property flipping’ is the next ATO target

The tax law 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 protects your family home from tax – does not apply if your primary purpose is to ‘flip’ the property for a profit. The fact that you are living in the property does not mean it’s exempt from tax. (more…)

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Generational Business Succession

Generational succession
Generational succession: Do your kids really want to take over your business?

Generational succession – handing your business across to your kids or family – sounds simple enough, but many families end up in dispute right at the point when the parents, business, and children are most vulnerable.

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Selling a Property

CGT withholding rules
What everyone selling a property valued at $750k or more needs to know

Every vendor selling a property needs to prove that they are a resident of Australia for tax purposes

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What employers need to know about FBT 2017

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We know that no one likes to pay tax and certainly no more tax than they should.  But very few people want to be on the wrong side of an Australian Taxation Office (ATO) audit where fees and penalties are paid for neglecting your obligations.

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Penalty rates and the impact of change

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It was hard to miss the debate about The Fair Work Commission (FWC) move to cut Sunday and public holiday penalty rates.
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