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.
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Collins Hume
- Jun 24, 2022
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.
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Collins Hume
- May 30, 2022
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.
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Collins Hume
- May 23, 2022
Can I claim a tax deduction for my gym membership?
Can you claim a deduction for your gym membership? The administrative appeals tribunal clarifies.
67 views
Collins Hume
- Mar 14, 2022
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
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Collins Hume
- Feb 28, 2022
Professional Services Firm Profits
The ATO’s finalised position on the allocation of profits from professional firms starts July 2022 with two gateway tests.
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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.
23 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.
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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.
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Collins Hume
- Nov 10, 2021
Tax and the Normalisation of Cryptocurrency
The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.
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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.
14 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.
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