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March 2024 Newsletter

The ATO has recently issued a reminder that small business owners may be eligible for concessions on the amount of tax they ultimately pay. This depends on their business structure, their industry and their aggregated annual turnover. […] CONTINUE READING

January-February 2024 Newsletter

Despite previous assurances, and after much speculation, the Government has announced tweaks to the ‘Stage 3’ tax cuts that will apply from 1 July 2024. The Medicare levy low-income thresholds for the 2024 income year will also be increased. […] CONTINUE READING

Christmas Parties and Gifts 2023

With the well earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event.  However, there are important issues to consider, including  the possible FBT and income tax implications of providing ‘entertainment’ (including Christmas parties) to staff and clients. […] CONTINUE READING

December 2023 Newsletter

The ATO will acquire officeholder data from ASIC, the Office of the Registrar of Indigenous Corporations and the Australian Charities and Not-for-profits Commission for the 2024 and 2025 income years, including details such as: *      their name, address and date of birth; *      email address and contact phone number; *      organisation class, type and status, […]

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