Tax Compliance & Accounting

Tax tips: Businesses paying contractors to lodge TPAR

Tax tips: Businesses paying contractors to lodge TPAR

Several types of businesses that pay contractors or subcontractors may need to complete a Taxable Payments...
Directors face increased personal liability under new GST rules

Directors face increased personal liability under new GST rules

New rules will increase what company directors are personally liable for in a bid to tackle illegal phoenix...
New rules expand instant asset write-off concessions for small businesses

New rules expand instant asset write-off concessions for small businesses

New rules will allow more businesses to access the small business instant asset write-off concession,...
ATO simplifies tax claims for people working from home due to COVID-19

ATO simplifies tax claims for people working from home due to COVID-19

The Australian Taxation Office has simplified tax deduction claims on expenses like heating and lighting for people working from home due to COVID-19.

Your business may qualify: Criteria expanded for Victoria’s $10,000 business support grants

Your business may qualify: Criteria expanded for Victoria’s $10,000 business support grants

The Victorian government has expanded the entry criteria for its $10,000 business support fund grants in a bid to assist more businesses.

Everything you need to know about new tax incentives for early stage investors

JobKeeper payment scheme: what you need to do and required deadlines

Here's a guide to the JobKeeper payment scheme, including what you need to do, who needs to action it, and the deadlines you need to meet.

What the JobKeeper payment scheme means for businesses

What the JobKeeper payment scheme means for businesses

The Australian Government has announced the JobKeeper payment scheme which will keep about 6 million...
Victorian economic survival package to help businesses and employees

Victorian economic survival package to help businesses and employees

A state government $1.7 billion economic survival package will help businesses and people who have lost their jobs amid the coronavirus outbreak.

Tax registrations for healthcare professionals

Tax registrations for healthcare professionals

When you’re setting up your business in the medical industry, there are various registrations to consider...
The difference between contractors and employees

The difference between contractors and employees

With the rise of the gig economy, Australia is seeing a significant proportion of the workforce take...
CGT main residence exemption eliminated for expats

CGT main residence exemption eliminated for expats

In a blow to Australian expats around the world, a new law denying the main residence exemption to Australians...
From employee to sole trader: Cash flow impact from different tax timing

From employee to sole trader: Cash flow impact from different tax timing

When making the move from a Pay As You Go (PAYG) employee to a sole trader, understanding and navigating...
From employee to sole trader: Non-commercial loss rules

From employee to sole trader: Non-commercial loss rules

People shifting from a Pay As You Go (PAYG) employee to a sole trader are often confused about how to...
Are work vehicles exempt from Fringe Benefits Tax (FBT)?

Are work vehicles exempt from Fringe Benefits Tax (FBT)?

Tradespeople often receive a ute, van or other vehicle as an employee benefit, however this can attract...
Proposed reforms to Division 7A and how it may impact you

Proposed reforms to Division 7A and how it may impact you

Companies are a commonly used entity by businesses and family groups for asset protection, the availability...