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April 27, 2012
Amendments to director penalty regime – draft legislation released Draft legislation has been release by David Bradbury, the Assistant Treasurer that will amend the law ostensibly […]
February 16, 2012
The Australian Taxation Office is introducing the International Dealings Schedule (IDS) 2012 which replaces the previous Schedule 25A and Thin capitalisation schedule. Whilst some of the reasons for […]
January 25, 2012
Changes to Living Away From Home Allowances Recently the Federal Government announced significant changes to the taxation treatment of Living Away From Home Allowances which will […]
January 25, 2012
Allworths Office Closure Our office will be closing during the Christmas period, from 3.00 pm Friday 23December 2011 and re-opening Tuesday 3 January 2012. We […]
August 16, 2011
Budget summary The Government announced a number of measures in the 2011-2012 budget that will impact SMEs and their employees. An outline of these is provided […]
August 16, 2011
Determination of Residency A number of people have commented to us recently, specifically in respect of UK and Australian residency, that the number of days spent […]
August 16, 2011
Assistant Treasurer Bill Shorten announced at the Taxation Institute of Australia’s National Convention the Government will adopt two recommendations to clarify the tax law for trusts. The changes will apply […]
August 16, 2011
SMSF – stronger Super The Federal Government has released its response to the Cooper Review into Superannuation. In its final report the Government advised “The Self […]
August 16, 2011
ASIC CLASS ORDER CHANGES – Effecting Australian Companies Owned by Foreign Shareholders ASIC Class Order (CO 98/1417), Audit relief for proprietary companies which provides relief […]
August 16, 2011
Christmas fringe benefits Christmas is fast approaching and it is time to consider the tax implications of all the Christmas cheer you provide your staff and […]
August 16, 2011
ATO’s compliance program for 2010-11 released On 8 July 2010, the ATO Commissioner, Michael D’Ascenzo, issued a media release announcing the release of the Compliance Program […]
July 21, 2025
As a business owner, staying on top of your tax obligations is essential, not just at tax time, but throughout the financial year. One of the […]
July 28, 2025
Owning a rental property can be a great way to build wealth, but it also comes with a range of tax responsibilities. As a landlord, understanding […]
August 4, 2025
Micro‑retirement is becoming a mainstream career trend — especially among younger generations — as a way to prevent burnout by taking purposeful breaks during one’s working […]
August 11, 2025
If your business pays contractors to provide certain services on your behalf, you may be required to lodge a Taxable Payments Annual Report (TPAR). The TPAR […]
August 18, 2025
If you own a rental property, there’s a good chance you’re claiming interest expenses as part of your tax deductions. It’s one of the most common […]
August 25, 2025
When it comes to retirement planning, there’s no shortage of advice – from rules of thumb like “you’ll need 70% of your pre-retirement income” to blanket […]
September 1, 2025
Estate planning is often thought of in terms of personal assets, including homes, investments, and superannuation. But for business owners, the business itself is often one […]
September 8, 2025
If you’re thinking about selling your rental property, one of the most important things to prepare for is Capital Gains Tax (CGT). Many property investors underestimate […]
September 15, 2025
Retirement doesn’t automatically mean freedom from tax obligations. While some retirees may no longer need to file a tax return, many still do, depending on their […]