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Using Your Business Money And Assets For Private Purposes

You may need to report money and assets taken from your company or trust as income in your tax return.

What is Capital Gains Tax

How to calculate capital gains tax (CGT) on your assets, assets that are affected, and the CGT discount.

Details of tax calculation for $3m threshold a 'mixed blessing

The proposed tax on earnings calculation for balances exceeding $3 million will see some members paying tax on unrealised earnings, says the SMSF Association.

Sharing economy reporting regime commences soon

As a part of the Federal Government’s strategy to combat the tax compliance risks posed by the sharing economy, it has passed into law new requirements for operators of electronic distribution platforms.

Later retirement takes oldies back to living in ’70s

The labour shortage and increased workplace flexibility has seen potential retirees remain in the workforce for longer, says KPMG.

Changes to working from home deduction - started 1 Jul 2022

ATO brings in changes for calculating working from home deductions.

Accountants face client backlash over blizzard of tax changes

Revised rules require fresh advice but clients often blame their tax professional, says Tim Munro.

ATO figures reveal final 2022 DPN tally

After a slow start in May, figures show how the office went up through the gears with director penalty notices.

Residential rental properties

Some good information about residential rental properties versus holiday homes and what you need to do if you rent out properties.

Did you pay your superannuation guarantee payment late?

After the Christmas and new year break, it is quite possible that some employers may have missed the
due date.

ATO issues fresh warning on illegal early access schemes

With illegal early access schemes on the rise, the Tax Office has issued a fact sheet warning super members about the promoters of these schemes.

Five new year’s tax resolutions

Don’t clean out the garage. Forget that lapsed gym membership. Here are 5 new year’s resolutions to keep if you want to stay on top of your tax and super in 2023.

Looming changes for the “buy now, pay later” market

The Federal Government has released a consultation paper seeking views on options to regulate the “buy now, pay later” (BNPL) market.