Reading Room - Bookkeeping
Budget business measures include permanent extension of the instant asset write-off, the reintroduction of loss carry-back and reforming the R&D Tax Incentive.
The Federal Government's Electric Car Discount is now under formal review. But changes could occur as early as this year's Federal Budget.
The ATO has released a draft ruling that changes how inherited homes are treated for capital gains tax (CGT). What are they and will they impact your family?
For the first time in Australia's history, parents receiving Government-funded Paid Parental Leave will also receive superannuation contributions on those payments.
A recent decision of the Administrative Review Tribunal highlights the importance of documentation and evidence when it comes to tax planning.
Finfluencers advising from Insta and TikTok have huge followings and speak with conviction. But taking advice from unqualified sources can have consequences.
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.
There are a series of bonus deductions available to small business in 2023-24, these include the instant asset write-off, energy incentive, and the skills and training boost.
Take advantage of the 1 July 2024 tax cuts by bringing forward expenses into 2023-24. Prepay your deductible expenses and make deductible super contributions.
