What changed on 1 July?
A quick reminder of what has changed for business and individual taxpayers from July 2022.
Search
Collins Hume
- Jul 11
What to expect from the new Government
We look at what we know so far about the policies of the new Government in a challenging environment and no easy fixes.
2 views
Collins Hume
- Jul 4
Capital gains from crypto, property or other assets
If you dispose of an asset eg property, shares, crypto or NFTs, or collectables you'll need to show a capital gain/loss in your tax return.
20 views
Collins Hume
- Jul 1
Rental property income and deductions
For landlords, the focus is on ensuring that all income received is recognised in your tax return.
12 views
Collins Hume
- Jun 27
Claiming work-related expenses
When claiming WRE there must be a nexus between the expenses you are claiming and how you earn your income. We explain.
17 views
Collins Hume
- Jun 24
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.
6 views
Collins Hume
- May 30
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.
22 views
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.
58 views
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
70 views
Collins Hume
- Feb 28
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
Collins Hume
- Nov 22, 2021
Spotlight on overseas gifts and loans
The ATO is particularly concerned about schemes and arrangements designed specifically to circumvent Australian tax laws.
18 views
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
Collins Hume
- Nov 15, 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
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
Collins Hume
- Oct 14, 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
Collins Hume
- Sep 27, 2021
1 November superannuation rule changes
Recruiting new employees? Find out how 'stapled super funds' will work from 1 November 2021.
21 views