TR 2023/4 Pay as You Go Withholding – who is an employee? The ATO has now finalised its ruling TR 2023/4 that explains how to determine whether a worker should be classified as an employee for PAYG withholding purposes. The ruling focuses on determining whether...
Business
Succession: What does it take to and your business to the next generation?
What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners. When it comes to generational succession of a...
Super Contributions
Super contributions: did you miss the due date? Find out what you need to do now: Super contributions: did you miss the due date? | Australian Taxation Office (ato.gov.au)
Deadline for Director ID – 30 November 2022
The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation (ATSI)...
Cryptocurrency won’t be treated as a foreign currency.
Treasury released exposure draft legislation that ensures digital currencies such as Bitcoin are not treated as a foreign currency for income tax purposes. The proposed change is driven by the uncertainty that has arisen following the decision by El Salvador to adopt...