2022: The year ahead

2022: The year ahead

2021 was supposed to be the year we returned to a post-COVID normal. However, the pandemic has fundamentally changed the way many of us operate in our personal and work lives. Here is some of what we can expect in 2022:  Federal Election The Federal election will...
The top Christmas tax questions

The top Christmas tax questions

Every year, I am asked about the tax impact of various Christmas or holiday-related gestures. Here are the top issues: Staff gifts The key to Christmas presents for your team is to keep the gift spontaneous, ad hoc, and from a tax perspective, below $300 per person....
If Santa was an Australian tax resident

If Santa was an Australian tax resident

A lighter look at the complexity of Australian taxation laws and the year that has been. Dear Mr Claus, Thank you for the opportunity to provide strategic business, tax and compliance advice for your operation. I’m pleased you have initiated this advice as the...
Overseas gifts and loans in the spotlight

Overseas gifts and loans in the spotlight

The Australian Taxation Office (ATO) has recently issued an alert on gifts or loans from overseas. The ATO is particularly concerned about schemes and arrangements explicitly designed to circumvent Australian tax laws. In general, Australian-resident taxpayers need to...
Tax and the normalisation of cryptocurrency

Tax and the normalisation of cryptocurrency

The Australian Taxation Office recently updated its guidance on tax and cryptocurrency. In early November, the Commonwealth Bank announced become Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets directly through the...