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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
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
Trusts and Trust Distributions
Collins Hume
  • Mar 14

Trusts and Trust Distributions

The ATO released guidance that targets how trusts distribute income. Many family groups will pay higher tax as a result of this new approach
65 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
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: Applying for a Director ID
Collins Hume
  • Nov 17, 2021

Video: Applying for a Director ID

Directors of all Australian companies need to apply for and verify their identity as part of a new statutory requirement to have a DIN.
34 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
Tax and the Normalisation of Cryptocurrency
Collins Hume
  • Nov 10, 2021

Tax and the Normalisation of Cryptocurrency

The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.
6 views
SMSF COVID-19 Audit Relief Extended
Collins Hume
  • Oct 13, 2021

SMSF COVID-19 Audit Relief Extended

SMSF relief measures that protect trustees from COVID-19 related contraventions of super laws now extend from FY 2019-20, 2020-21 & 2021-22.
12 views
1 November superannuation rule changes
Collins Hume
  • Sep 26, 2021

1 November superannuation rule changes

Recruiting new employees? Find out how 'stapled super funds' will work from 1 November 2021.
21 views

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