by epoch | Dec 11, 2023 | eNews
Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season. 1. Keep team gifts spontaneous $300 is the minor benefit threshold for FBT, so anything at or above this level will mean...
by epoch | Nov 16, 2023 | eNews
The ATO estimates that incorrect reporting of rental property income and expenses costs around $1 billion yearly in forgone tax revenue. A big part of the problem is how taxpayers claim interest on their investment property loans. We’ve seen an uptick in ATO...
by epoch | Nov 16, 2023 | eNews
Chobani plain yoghurt is GST-free, but Chobani’s ‘flip’ range is taxable? A recent case before the AAT demonstrates how fine the dividing line is between GST-free and taxable foods. Back in 2000, when the Goods & Services Tax (GST) was first...
by epoch | Nov 16, 2023 | eNews
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 change dramatically. Superficially, the statistics on employer superannuation...
by epoch | Oct 7, 2023 | eNews
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. The release of the draft is the final step before the legislation is introduced...
