Earned an income from the sharing economy?
Mandatory income reporting tightens with new ATO requirements for platforms like Airbnb and Uber.
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Collins Hume
- Jul 23
Are your employer super obligations up to date?
Have you paid some or all the super contributions late, or haven’t paid the right amount by the due dates?
6 views
Collins Hume
- Jul 23
ATO fires warning shot on trust distributions
Trust distributions need to be carefully considered by trustees before taking steps to appoint or distribute income to beneficiaries.
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Collins Hume
- Jun 5
Your essential 30 June guide
The end of the financial year is approaching! We outline the areas at risk and the opportunities to maximise your deductions.
60 views
Collins Hume
- Jun 4
Company money crackdown
With tax laws preventing access to company profits or assets in a tax-free manner, mistakes are being made and the ATO is taking steps.
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Collins Hume
- May 21
Warning on SMSF asset valuations
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices.
12 views
Collins Hume
- May 15
2024-25 Federal Budget
This is a pre-election Budget with everyone getting a little something to ease cost of living pressures.
71 views
Collins Hume
- May 14
The assault on professional services
Two cases demonstrate how serious the ATO is about making sure professional services firms are appropriately taxed.
23 views
Collins Hume
- Mar 26
The ATO Debt Dilemma
Addressing business tax debt head-on is crucial. Ignoring it only exacerbates the issue. Engage with the ATO promptly for resolution.
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Collins Hume
- Mar 19
The Fringe Benefit Tax traps
The FBT year ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.
31 views
Collins Hume
- Feb 26
Contractor or employee?
Just because an agreement states that a worker is an independent contractor, this doesn't mean that they are a contractor for tax and super.
260 views
Collins Hume
- Jan 31
ATO 2024 focus on small and medium business
The ATO has unveiled 5 areas of concern dominating its priority list, signalling a shift from the leniency extended during COVID.
87 views
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