Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to dramatically change. – Workers owed $3.6bn in super guarantee.
A recent case before the AAT demonstrates how fine the dividing line is between GST-free and taxable foods. – When is food GST-free?
Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025. – 30% tax on super earnings above $3m.
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim. – Self-education: What can you claim?
This article focuses on a recent case before the Administrative Appeals Tribunal (AAT) is a reminder about the tax impact of the timing of employment income. – The taxpayer who was paid too late.
This article outlines the TikTok tax scandal that saw the ATO pay out $1.7 billion in fraudulent refunds and another $2.7 billion in fraudulent claims stopped. – Business Activity Statements and the billion dollar TikTok scandal.
This article outlines the tax implications that small-scale developers can face during subdivision of land. – The tax implications of small-scale subdivisions.
This article outlines why the tax refund Australians will expect this tax time has dramatically reduced. – Why is my tax refund so small?
The Digital Games Tax Offset is equal to 30% of the company’s total qualifying Australian development expenditure incurred from 1 July 2022. This article outlines who and what expenditure is eligible. – Digital games tax: Backing a winner.
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. – How does tax apply to electric vehicles?
The Australian Taxation Office (ATO) has launched an assault on rental property owners who incorrectly report income and expenses. – ATO Rental Property Blitz.
The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the Tax Office has given notice to the booming industry. – Content creators: The tax risk warnings.