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Tax Time Targets — Recordkeeping
Collins Hume
  • 24 hours ago

Tax Time Targets — Recordkeeping

With tax season upon us the ATO has revealed its four areas of focus this tax season. We start with recordkeeping requirements.
3 views
Accountant Spotlight: Joel Lacey
Collins Hume
  • 5 days ago

Accountant Spotlight: Joel Lacey

As another numbers whiz, Intermediate Accountant Joel is on his way to helping business owners understand their financials.
4 views
Deduction for skills training and technology
Collins Hume
  • Jun 13

Deduction for skills training and technology

We clear the confusion (as much as possible) on the 120% deduction for skills training and technology announced in the Federal Budget.
5 views
What’s changing on 1 July 2022?
Collins Hume
  • Jun 5

What’s changing on 1 July 2022?

We look at the ample number of changes coming into force from 1 July 2022.
11 views
ATO turns up heat on directors
Collins Hume
  • May 29

ATO turns up heat on directors

The ATO warns directors potentially in breach to ensure the company they represent meets PAYG withholding, SGC and GST obligations.
5 views
Can I claim a tax deduction for my gym membership?
Collins Hume
  • May 23

Can I claim a tax deduction for my gym membership?

Can you claim a deduction for your gym membership? The administrative appeals tribunal clarifies.
31 views
Fuel tax credit changes
Collins Hume
  • May 16

Fuel tax credit changes

The temporary halving of excise and excise equivalent customs duty rates has caused a reduction in fuel tax rates.
7 views
Accountant Spotlight: Tamara Pavez-Santander
Collins Hume
  • May 2

Accountant Spotlight: Tamara Pavez-Santander

Meet Grad Accountant, Tamara, and find out how she's taken a love of all things mathematical to embark on a career in accounting.
57 views
COVID-19 tests now tax-deductible for employees
Collins Hume
  • Apr 26

COVID-19 tests now tax-deductible for employees

From 1 July 2021 employees, sole traders or contractors that pay for a COVID-19 test for a work-related purpose, can claim a deduction.
4 views
Employees vs contractors
Collins Hume
  • Apr 4

Employees vs contractors

Every business that employs contractors should have a process in place to ensure the correct classification of employment arrangements.
48 views
Budget 2022-23 Summary
Collins Hume
  • Mar 30

Budget 2022-23 Summary

The 2022-23 Federal Budget is a safe, ballot box friendly Budget as expected with a focus on cost of living, homeownership, and health.
24 views
Immediate Deductions Extended
Collins Hume
  • Mar 28

Immediate Deductions Extended

This measure enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless of the cost.
26 views
Professional Services Firm Profits
Collins Hume
  • Feb 27

Professional Services Firm Profits

The ATO’s finalised position on the allocation of profits from professional firms starts July 2022 with two gateway tests.
7 views
PCR and RAT tax deductions
Collins Hume
  • Feb 20

PCR and RAT tax deductions

If you have had to purchase RAT tests to be able to work, you will be able to receive a tax deduction for the cost from 1 July 2021.
27 views
‘Backpacker Tax’ and the High Court
Collins Hume
  • Jan 16

‘Backpacker Tax’ and the High Court

The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact.
20 views
If Santa was an Australian tax resident
Collins Hume
  • Dec 15, 2021

If Santa was an Australian tax resident

A lighter look at the complexity of Australian taxation laws and the year that has been.
8 views
The top Christmas tax questions
Collins Hume
  • Dec 12, 2021

The top Christmas tax questions

Every year, we get asked about the tax impact of various Christmas or holiday-related gestures. Here are your top issues.
17 views
Plan ahead to avoid a tax headache in the New Year
Collins Hume
  • Nov 28, 2021

Plan ahead to avoid a tax headache in the New Year

Many employers are looking to bring a little bit of cheer to their employees this Christmas. Here's how not to let tax spoil the party.
9 views
Spotlight on overseas gifts and loans
Collins Hume
  • Nov 21, 2021

Spotlight on overseas gifts and loans

The ATO is particularly concerned about schemes and arrangements designed specifically to circumvent Australian tax laws.
17 views
Video: Cryptocurrency and tax
Collins Hume
  • Nov 14, 2021

Video: Cryptocurrency and tax

Christopher Atkinson discusses the latest guidance from the ATO in our video summary of the commonly asked questions about cryptocurrencies.
53 views
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