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23rd April, 2019The ATO’s business benchmark data is a useful tool for smart business owners. Learn how you can access these benchmarks to judge your business’ performance against industry standards, identify your ATO audit risk and other tax compliance issues, and prompt new thinking about ways to improve your profit margins.
Click to read our article: ATO benchmarks – a handy business check-up (1.53MB PDF)
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18th April, 2019Many homeowners are not aware that the “main residence” rules exempting the family home from capital gains tax (CGT) are in fact quite complex and contain many traps. Here we highlight three common scenarios in which a homeowner may face some CGT liability when it is time to sell.
Click to read our article: Three common CGT obstacles for homeowners (3.03MB PDF)
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9th April, 2019The 2019 Budget was handed down on Tuesday 2 April by Treasurer Josh Frydenberg a matter of days before Prime Minister Scott Morrison is due to call the next federal election.
Thanks to revenue from the lucky rise in commodity prices (coal and iron ore) – and without raising taxes – the Government has undertaken a targeted box-ticking cash splash, benefiting Labor’s base and marginal voters. This is a political handout full of sweeteners designed to send punters to the election (likely 11 or 18 May) on a high.
Click to read our article: Federal Budget 2019 Spotlight (1.89MB PDF)
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1st April, 2019Millions of Australians are now using the “sharing” economy to earn some extra money on the side. Thanks to smartphones and user-friendly apps, people can easily access sharing services like ride sharing, accommodation sharing and pet minding.
The government is concerned that some Australians who receive income from sharing platforms may not be paying the right amount of tax – simply because they are unaware of their tax obligations.
Click to read our article: How does listing my home on Airbnb affect my tax? (2.38MB PDF)