Tax

Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and [...]

Last month, Parliament passed legislation that will see GST applied to all consumer imports regardless of their value. Currently, imports below $1,000 are excluded from GST. The perceived [...]

The popular $20,000 instant asset write-off for small business entities, which enables small businesses to immediately write-off depreciable assets costing less than $20,000, is now accessible to [...]

Recent changes to State laws may trigger a surprise tax bill for family trusts (discretionary trusts). The problem for family trusts stems from recent legislative changes in New South Wales [...]

Normally, if you undertake self education that is connected to your work you can claim the costs of that study as a tax deduction – assuming your employer has not already picked up your [...]

Christmas….that time of year when the festivities not only bring joy but excessive expenses, potential harassment claims, and other employer headaches. As Phyllis Diller once said, “What I [...]

Reforms before Parliament seek to curb who and how paid parental leave can be claimed. These reforms will impact on all workplaces that provide employer sponsored paid parental leave. The reforms [...]

Uber is calling for drivers, Airbnb is seeking more hosts but what are the implications of becoming part of the sharing economy for individuals and investors? The basics of tax apply regardless [...]

If a man can claim a briefcase as a tax deduction why can’t women claim their handbags? After all, men often have a lot of personal items in their briefcases and working women are just as likely [...]

New rules to prevent foreign residents avoiding tax when they sell Australian property will affect everyone buying or selling property with a market value of $2 million or more from 1 July 2016. [...]