June 5, 2017

Tax and Spend: Federal Budget 2017/2018

The 2017-18 budget represents the federal government’s attempt to gain favour with voters amidst rising economic populist sentiment in the electorate. The government has decided to […]
May 1, 2017

Upcoming GST changes will affect overseas exporters and Australian consumers

Proposed new rules in relation to overseas businesses exporting goods and services direct to Australian consumers may require them to register for Australian Goods and Services […]
May 1, 2017

Are large repairs to my investment property tax deductible?

A taxpayer was recently denied an immediate tax deduction for a roof repair and replacement for a rental property required due to vermin damage. The reason […]
May 1, 2017

When overseas companies can be considered Australian Tax Residents

Although we’re based in Australia, we regularly work with clients around the world that are seeking to do business or make investments here. One question we have […]
April 3, 2017

A warning to the Sharing Economy: the ATO has you in their sights

What the ATO is doing The Australian Taxation Office has warned users of the ‘sharing economy’ (e.g. Airbnb or Uber) that it is performing data matching […]
April 3, 2017

Cloud accounting has changed the game and we’re on board

There is no denying we are facing an online revolution. All aspects of our lives and businesses are becoming more ‘digitalised’. Advances in technology are changing […]
April 3, 2017

Introducing our new (digital) way of signing documents

Signatures are going digital We are introducing a new way for you to sign important documents that come from our office. It’s called DocuSign. If you […]
March 3, 2017

Client Alert – Workers Compensation Audits

We have seen an increased number of audits being conducted on clients’ Workers Compensation Policies and are seeing a number of recurring issues arising. This alert […]
March 3, 2017

Land Tax Surcharge on Foreign Persons (broader than you may realise)

Overview  The NSW government has introduced a surcharge on residential land held by or associated with a ‘foreign person’ from the 2017 land tax year. This […]
March 3, 2017

Outstanding ATO debts to be reported to credit agencies from 1 July 2017

Overview  The 2017 Federal Government Mid-Year Economic and Fiscal Outlook (MYEFO) announced that from 1 July 2017, the Government will allow the ATO to disclose tax […]
February 12, 2015

Updated Fuel Tax Credit Rates

Please click on the link below – Updated Fuel Tax Credit Rates 2 February 2015
October 1, 2014

Too good to be true tax savings

There are many wise sayings when it comes to managing money, such as ‘If it looks too good to be true then it probably is’. In […]
October 1, 2014

Dealing with Statutory demands

Pursuant to the Corporations Act, a creditor that is owed more than $2,000 is eligible to issue a statutory demand against a company requiring it to […]
October 1, 2014

Correctly reporting property transactions

  For every property transaction that you make there may be a GST consequence you need to consider. If you are making transactions involving property you […]
October 1, 2014

Is there a lost superannuation account in your family?

The tax office says $14 billion in lost super is waiting to be claimed. Does some of this relate to you or your family members? The […]
October 1, 2014

Undisclosed offshore income

The ATO’s Project DO IT (Disclose Offshore Income Today) offers taxpayers with unreported income from offshore investments, the opportunity to make a full voluntary disclosure. In […]
October 1, 2014

End of September quarter 2014 ATO activity statements

ATO activity statements will be due on 28 October 2014 for those who lodge and pay on a quarterly basis. These first quarter statements need to […]
October 1, 2014

Private companies need a capital management strategy too

Recent press coverage of special dividends and capital distributions from some of Australia’s largest listed companies has prompted a range of inquiries from clients who have […]
March 31, 2022

Question of the month: contractor vs employee

Whether a worker qualifies as a contractor or an employee is a common source of confusion among small business owners. There are some common misconceptions around […]
March 31, 2022

Budget 2022: a Budget for the Ballot Box

On Tuesday the Government delivered the 2022 Federal Budget. With the federal election looming, Treasurer Josh Frydenberg argued that the country has “remained resilient and strong” […]
April 28, 2022

The debate over ‘finfluencers’ amidst ASIC crackdown

The rise of finfluencers Over the last couple of years, the rise of financial influencers, or ‘finfluencers’, as they have been nicknamed, has continued unabated. Found […]
April 28, 2022

Who wears the CFO hat in a small business?

The short answer is: maybe no one. But it’s an easy fix. A startup or small business is challenging enough in the core work that’s being […]
April 28, 2022

FBT deadline approaching

With many businesses looking at ways to incentivise and retain employees in the wake of the pandemic and the ‘great resignation’, fringe benefits have become topical […]
April 28, 2022

Update on ATO changes to discretionary trusts

By David Downie, Partner Back in February we wrote about the recent change in the ATO’s approach to discretionary trusts, in particular where distributions of trust […]
May 25, 2022

Tax Time Tips FY2022

By David Downie and Mark Copsey   Welcome to our special Tax Time edition. With 30 June looming, we would like to share some tax tips […]
June 29, 2022

Tips for having a smooth tax return experience

By David Downie and Mark Copsey   Happy New Financial Year! Last month we focused on year-end tax planning tips. Now, with the financial year coming to a close, […]
July 28, 2022

Annus Horribilis: Investing Year in Review

By Mark Copsey, Director at Allworths Wealth Management As the Queen celebrates her Platinum Jubilee I feel compelled to use part of her famous speech given […]