15 January, 2024

Deductibility Of Financial Advice Fees

Late last year, the ATO released a draft taxation determination (TD 2023/D4) on the deductibility of financial advice fees paid by individuals who are not carrying on a business. This […]
12 January, 2024

Employee vs Contractors: New Rules

Following on from two prominent High Court decisions in Construction, Forestry, Maritime, Mining and Energy Union v Personnel Contracting Pty Ltd [2022] HCA 1 and ZG Operations Australia Pty Ltd […]
8 January, 2024

Regulation Of Crypto Exchanges On The Horizon

As previously flagged by the government and supported by many consumer advocates, the government is taking the first steps to introduce regulations for crypto exchanges and digital asset platforms in […]
24 August, 2023

ASIC: Insurance In Super Improvements

ASIC has recently released a report which examined the progress by some super trustees to improve their arrangements for life insurance in super. The review was in response to issues […]
31 July, 2023

Small Business Lodgment Amnesty Reminder

The ATO has reminded eligible small business taxpayers to take advantage of the lodgment penalty amnesty program announced in the recent 2023-24 Federal Budget. It applies to tax obligations covering […]
24 July, 2023

Get Ready For Your TPAR

You will need to lodge a TPAR if your business made payments in the last financial year (ie the one ending 30 June 2023) to contractors providing the following services: […]
10 July, 2023

ASIC Enforcement Priorities 2023

ASIC has released details of its enforcement priorities for 2023 which signals where it will be directing its resources and expertise for the year. This is in addition to its […]
5 July, 2023

Director Penalties

What is a director penalty? A company director becomes personally liable for the company’s unpaid amounts of: pay as you go withholding (PAYGW); goods and services tax (GST); and super […]
3 July, 2023

Tax Rates And Offsets For 2023-24 And Beyond

Despite the calls to scrap the already legislated stage 3 tax cuts, the government did not announce any changes in the recent Budget, which means the tax cuts are still […]
30 June, 2023

Objective Of Superannuation Proposal

Superannuation, while being one of the integral components of Australia’s retirement system, along with the aged pension and savings, has never had a clear legislated objective to guide policy makers. […]