The ATO’s updated rules on professional profits start on 1 July 2022. This April 2022 update explains how the changes impact professional services firms, practitioner risk ratings, tax deductions for RAT tests, and key superannuation reforms.
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Tax
Jan 2022: The year ahead
Explore the year ahead with our January 2022 update. Key insights into the Federal Election, tax changes, business e-invoicing reforms, SuperStream compliance, and the impact of the backpacker tax ruling.
Dec 2021: If Santa was an Australian tax resident
If Santa was an Australian tax resident A lighter look at the complexity of Australian taxation laws and the year that...
When to Stop STP Reporting & What Legal Fees Are Deductible
Learn the key reasons to cease STP reporting, which legal fees are deductible, how foreign income is taxed, and what to do if you make a mistake on your business tax return.
Tax Matters 2019 Budget Edition
Rewarding working Australians The 2019 Federal Budget focuses on rewarding working Australians, with the emphasis on...
2018 Highlights
Taxation - building resilience The 2018 Federal Budget is built on the back of a historically strong post-mining boom...
Property investors – new rules
Property investors reminded of new deduction rules Unless you are in the business of rental property investing, most...
2018 FBT focus
FBT issues that raise ATO attention With the fringe benefits tax (FBT) year-end just around the corner, it is a good...
ATO Targeting Lifestyle Assets
The Australian Tax Office (ATO) is targeting privately owned and wealthy groups that display specific behaviours and...
Managing GST
Occasionally, business owners will need to make changes to their net GST liability for any given reporting period....
$20,000 Instant Asset Claim
Small businesses with a turnover of less than $10 million from 1 July 2016 can write-off assets costing less than...
Holidays Rentals
Holiday rentals provide you with a home away from home to spend time with your loved ones and a steady source of...