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The proposed ‘bright line’ individual residency tests

The proposed reforms to the individual residency rules potentially makes it easier to determine whether an individual is a resident of Australia for tax purposes.

ATO Rental Property Blitz

The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners incorrectly reporting rental property income and expenses.

Spreading some (tax-effective) Christmas cheer

With Christmas around the corner, what is the tax impact of various Christmas or holiday related gestures? Here are some things to consider.

Director ID Numbers – Deadline extended

In light of the large number of directors who have not yet applied, the deadline to obtain a Director ID Number has been extended to 14 December 2022.

Lessons from a data breach

The Optus data breach is top of mind for a lot of Australians, particularly those who have had their data breached. Others who were untouched by that breach have been caught up in the recent Medibank breach.

Victorian Land Tax Changes for Charities

The Victorian State Revenue Office has released Land Tax Ruling LTA-009 in relation to land owned by a charity. This ruling is more extensive and restrictive than the earlier Land Tax rulings it replaced.

Budget October 2022: sign of the times

In his first Budget, Treasurer Jim Chalmers used the opportunity to update the shifting economic sands and reset spending priorities to align with the new government’s policy agenda.

A Will to give

As baby boomers shift into retirement, Australia is on the brink of the nation’s biggest ever intergenerational wealth transfer. Yet estate or inheritance planning is rarely discussed by families.

New QLD Land Tax rules – Now dumped

Queensland Premier Annastacia Palaszczuk has announced that its controversial land tax, which was to be calculated taking into account the total value of an owner’s Australia-wide land holdings, is to be dumped.

New Reporting Requirement For Not-For-Profits

From 1 July 2023, non-charitable not-for-profits with active ABNs will be required to lodge an annual self-review to access income tax exemption.

Postal Address Change

As a result of the closing of the Blackburn post office, our new post office box is PO Box 1088, Blackburn North, Victoria, 3130.

Fringe Benefits Tax Exemption: The Latest Electric Car Incentive

The government's proposed Treasury Laws Amendment (Electric Car Discount) Bill 2022 provides for an FBT exemption for employer-provided cars that are classified as zero or low emission vehicles.