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The Australian Taxation Office (ATO) has introduced a Fuel Response Support measure to assist eligible businesses experiencing financial pressure due to increased fuel costs. Businesses that have been impacted by rising fuel prices may be able to apply through the ATO...
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!