The ATO recently released new draft guidance material on how trusts distribute income. Under this new guidance, many family groups may pay higher taxes. Currently,… from New draft guidance on family trust beneficiaries
Living in a “destination location” such as the Geelong region can provide a unique opportunity to rent out your home as a holiday house for… from AirBnB and things you may not know
When you think about your relationship with your accountant what thoughts immediately come to mind? Sharp haircuts? Your tax? An abacus? How to best manage… from How well do you know your accountant?
Temporary reduction in fuel excise The Government announced it will halve the excise and excise-equivalent customs duty rate that applies to petrol and diesel for… from Federal Budget 2022 – Other areas
Extension of the temporary reduction in superannuation minimum drawdown rates The Government announced it will extend the 50 per cent reduction of the minimum drawdown… from Federal Budget 2022 – Superannuation
Low and middle income tax offset to be increased The Government will increase the low and middle income tax offset (LMITO) by $420 for the… from Federal Budget 2022- Individuals
We are noticing an increase in clients who have purchased and/or sold cryptocurrency in the past 12 months. Often these clients do not realise there… from Cryptocurrency and tax