Investment property owners beware! The ATO has signalled that its rental bond data matching program will continue to the 2025-26 income year. This program first commenced in 2005 and collected [...]
Employers that provide certain fringe benefits to their employees can now use appropriate alternative statutory evidentiary documents to satisfy FBT requirements with registration of legislative [...]
The ATO has released details of one of the first data matching programs for 2024 on novated leases. According to the ATO, this program has been running since June 2021 (collecting data from the [...]
The government has announced that from 1 July 2025, it will commence paying super on Government Paid Parental Leave (PPL). This comes on the back of calls by unions and the women’s movement [...]
The ATO has released a ruling which consolidates and updates its previous rulings (now withdrawn) on its view of the deductibility of self-education expenses under s 8-1 of the ITAA 1997. The [...]
The government is seeking consultation and feedback on the recent drafting of exposure draft regulations concerning the proposed changes to superannuation tax concessions as announced in the [...]
Now that the revised stage 3 tax cuts have passed all stages of Parliament and received Royal Assent, the new rates are law and will apply from 1 July 2024. While the revised rates won’t apply [...]
Estate planning is a complex area which requires careful consideration of tax implications. Many issues that affect the distribution of assets to beneficiaries will need to be considered before [...]
The transfer balance cap was originally introduced in 2017 as a way to limit the amount of capital that can be transferred into a tax-exempt retirement phase. This was implemented in response to [...]