Spend v Invest: Tips on how to make the most of your tax refund. With an estimated 85% of Australian Tax Payers expected to receive a return this year, we've compiled a list of handy (ok, we mean, sensible!) ideas on how to use your return wisely. It's not rocket...
Taxation
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Capital Gains Tax on Inherited Property
If I sell the property I inherited, do I have to pay Capital Gains Tax? Special rules exist that enable some beneficiaries or estates to access a full or partial main residence exemption on the inherited property. Assuming the house was the main residence of the...
Are Your Contractors Really Employees?
There are numerous factors that determine whether a worker is an independent contractor or employee. Are your contractors really employees? Read on!
ATO to be granted a new record-keeping sanction
A Bill has been introduced proposing the ATO issue a ‘tax-records education direction’. ATO to be granted a new record-keeping sanction? Read on!
12-month extension of the temporary loss carry-back measure
Legislation has now passed to allow eligible corporate entities a 12-month extension of the temporary loss carry-back measure. Read on!