18/08/2023: Tax Time 2023: lodgment period underway
With only a little more than a month into tax time, the ATO has given the green light for taxpayers with uncomplicated financial affairs to lodge their returns. It says that the information it collects from employers, banks, private health insurers, share registries and other institutions have now been prefilled and ready to go on …
11/08/2023: Simplifying individual tax residency: consultation
The government is currently seeking feedback on design features of the Board of Taxation’s proposed model to modernise individual tax residency, initially contained in its 2019 report. The new framework was designed to simplify the tax system and reduce compliance costs for individuals and employers. The model that the Board of Taxation proposed consists of …
28/07/2023: SMSF scheme: residential property purchase
With the never-ending increase in Australian house prices, many desperate home buyers are often turning to other, perhaps unconventional, means to secure housing, one such property scheme currently making the rounds involves the use of SMSFs and has caught the ATO’s attention. The scheme is classified as an illegal early release by the ATO and …
28/07/2023: Motor vehicle data matching program extended
The ATO has extended the motor vehicles data matching program once again to encompass the 2022-23 to 2024-25 financial years. This successful program has been running for 19 years in various iterations, and was developed as a way to assess the overall tax compliance of individuals and businesses involved in buying and selling motor vehicles. …
Don’t Take Our Word For It: Glowing Client Review!
As the prior General Manager of a large property-based business in Queensland and now a Director at Deloitte, Mickael has been working with us for the past 12 years on various engagements. We would like to give Mickael a massive thank you for his kind words and look forward to many more years working together! …