Latest News
Superannuation Contribution caps set to increase for 2026-27
Federal Treasurer announces changes to people with superannuation balance over $3 million
ATO Interest no longer a deduction
Superannuation Contribution Cap Changes from 1 July 2024
Your company is a separate legal entity from you as a director or shareholder. The money your business earns and its assets belong to the company.
If your business is eligible to claim the instant asset write-off, you need to consider the car limit. The car limit is the maximum depreciation expense you can claim for a car.
Treasury Law Amendments (Combating Illegal Phoenixing) Act 2020 extends the director penalty regime to make the directors of a company personally liable for the company’s unpaid GST, in some circumstances.
From 1 March 2020, the State Revenue Office (SRO) in Victoria has introduced an additional 8% stamp duty on the purchase of residential property by a discretionary trust. This duty will also apply to a residential property purchase by a unit trust or company that is owned or controlled by a discretionary trust.
Land that a person owns and occupies as their home, or ‘principal place of residence’ (PPR), is generally exempt from land tax.
If you make a car you own or lease available for the private use of your employee, you may provide a car fringe benefit.
On the 7th of February 2018, a Bill was introduced into Federal Parliament requiring purchasers of new residential premises and new subdivisions of potential residential land to remit the GST on the purchase price directly to the ATO as part of the settlement process.