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The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. After much speculation, the Government has announced that they will amend the legislated Stage 3 tax cuts...
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...
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...
There are numerous factors that determine whether a worker is an independent contractor or employee. Are your contractors really employees? Read on!
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!