Bushfire support and assistance Ten million hectares, lives lost, wildlife on the brink, billions in lost revenue and clean-up costs. For many, returning life to normal is a long way off this summer. We summarise the help available to those impacted by the bushfires....
Can the ATO take money out of your account? Your right to know You might have seen the recent spate of media freedom advertisements as part of the Your Right to Know campaign. The prime-time advertising states that the Australian Tax Office (ATO) can take money from...
Vacant land deduction Legislation that passed through Parliament last month prevents taxpayers from claiming a deduction for expenses incurred for holding vacant land. The amendments are not only retrospective but go beyond purely vacant land. Previously, if you...
big Capital Gain tax changes: expats and foreigners excluded from tax exemption Late 2019, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main...
ATO Scam Alert Since 2019, there has been an increase in scammers to impersonate the ATO to requesting payment via various methods, the scammers may also ask recipients to send a photo of their driver’s license, passport or other identity credentials via WhatsApp....
2019 Tax Planning for Small Business Entities (SBE) Have you been taking a break from work or have a neglected super account? If you had an inactive super account for more than 16 months and/or a balance of less than $6,000, here is what you need to know. From 1 July...
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