Reading Room - Accounting
What does the One Big Beautiful Bill mean for Australian investors, especially super funds and small businesses with US exposure? It could hit investment returns.
With regulatory changes and mounting administration, the shine has been wearing off trust funds, prompting businesses and investors to rethink their use.
With the end of the financial year approaching we outline opportunities to maximise deductions and give you the low down on areas at risk of increased ATO scrutiny.
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees including electric cars, equipment for working from home, entertainment and contractors.
The last few years have been a rollercoaster ride of instability. 2025 holds hope, but not a guarantee, of greater stability and certainty.
The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s never that simple.
The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024.
Before the new tax rates come into effect, check any salary sacrifice agreements to ensure that they will continue to produce the result you are after.
The end date for temporary full expensing rules is 30 June 2023. The government has announced a temporary increase in the instant asset write-off to $20,000 from 2023-2024.
The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and has published the startling questions they will be asking to scrutinise claims.
