Accounting Associates
Company losses and COVID-19
The ATO has provided some guidance for companies impacted by COVID-19 and utilising losses. Changes to business operations could...
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Accounting Associates
Nov 13, 20201 min
Changes to deductible gift recipients
The Government has released draft legislation that would require non-government deductible gift recipients (DGRs) to register as...
Accounting Associates
Nov 11, 20203 min
When your adult children become long-term residents in your home
There’s no question young people have been hit hard by the COVID-19 pandemic. From casual job losses to widespread hiring freezes,...
Accounting Associates
Nov 6, 20203 min
What is JobMaker?
In the Budget, the Government announced high level details of the JobMaker hiring credit scheme. To date, the Bill enabling JobMaker has...
Accounting Associates
Nov 5, 20203 min
Six Steps to Building Good Financial Habits
How financially secure do you feel? Recent research into Australians’ financial wellness - which is a person’s satisfaction with their...
Accounting Associates
Aug 25, 20202 min
Creating your “A-Team”
Getting your finances in order requires the right team. Think of any team sport. You’re the coach. Your job is to ensure that each player...
Accounting Associates
Aug 25, 20202 min
Should I get a Pre-Approval before I buy?
A pre-approval is the exercise of a lender undertaking a full assessment of your financial position to provide an indication of how much...
Accounting Associates
Aug 25, 20203 min
Refinancing: Are you paying too much ‘loyalty tax’?
Mortgages generally have a loan term of up to 30 years. So, let me ask you the simple question, when was the last time you have reviewed...
Accounting Associates
Aug 25, 20203 min
Broker vs Direct to Bank
Such a big topic & although we are biased by offering mortgage broking as a service, this is not about critising the banks because at the...
Accounting Associates
May 1, 20201 min
FBT Changes
Proposed cents per km rate change A draft legislative instrument has been issued proposing an increase to the cents per km rate for...
Accounting Associates
Apr 24, 20201 min
Super Guarantee Amnesty: Approved Form
Following the passing of the legislation introducing the SG amnesty, the ATO has released the 'approved form' for taxpayers to make...
Accounting Associates
Apr 17, 20201 min
Changes to the Work Test
Improving flexibility of superannuation for older Australians. Treasury has exposure draft legislation to enact proposed changes that...
Accounting Associates
Apr 10, 20201 min
ATO targets 'lifestyle' assets
The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine...
Accounting Associates
Apr 3, 20201 min
Tax-free bushfire tax relief payments
A Bill granting tax relief to a number of individuals receiving payments in relation to the 2019-20 bushfires has received Royal Assent...
Accounting Associates
Mar 27, 20201 min
Extension of Director Penalty Rules
The Bill extending the director penalty notice regime to GST amounts has received Royal Assent and is now law. In broad terms, this...
Accounting Associates
Mar 20, 20203 min
Support available after the bushfires
Ten million hectares, lives lost, wildlife on the brink, billions in lost revenue and clean-up costs. For many, returning life to normal...
Accounting Associates
Mar 13, 20202 min
Government Announces Increased Tax Benefits in Response to Coronavirus
The Government has announced its economic response to the Coronavirus in the form of a $17.6 billion economic stimulus package. The...
Accounting Associates
Mar 6, 20202 min
Superannuation Guarantee Amnesty Now Law
The Bill containing the one-off superannuation guarantee (SG) amnesty has finally passed through Parliament and awaits Royal Assent. The...
Accounting Associates
Feb 28, 20203 min
CGT and the family home: your questions answered
Following on from our latest post about CGT and the family home, here are some of your most common questions. I have been living overseas...
Accounting Associates
Feb 21, 20204 min
CGT and the family home: expats and foreigners excluded from tax exemption
Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective...
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The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.
All information is sourced from KnowledgeShop and the Australian Taxation Office. Any other publications are sourced in each specific article.
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