Collins Hume1 day agoTax Time Targets — RecordkeepingWith tax season upon us the ATO has revealed its four areas of focus this tax season. We start with recordkeeping requirements.
Collins HumeJun 13Deduction for skills training and technologyWe clear the confusion (as much as possible) on the 120% deduction for skills training and technology announced in the Federal Budget.
Collins HumeJun 5What’s changing on 1 July 2022?We look at the ample number of changes coming into force from 1 July 2022.
Collins HumeMay 23Can I claim a tax deduction for my gym membership?Can you claim a deduction for your gym membership? The administrative appeals tribunal clarifies.
Collins HumeMay 16Fuel tax credit changesThe temporary halving of excise and excise equivalent customs duty rates has caused a reduction in fuel tax rates.
Collins HumeApr 4Employees vs contractorsEvery business that employs contractors should have a process in place to ensure the correct classification of employment arrangements.
Collins HumeMar 30Budget 2022-23 SummaryThe 2022-23 Federal Budget is a safe, ballot box friendly Budget as expected with a focus on cost of living, homeownership, and health.
Collins HumeMar 28Immediate Deductions ExtendedThis measure enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless of the cost.
Collins HumeMar 14Trusts and Trust DistributionsThe ATO released guidance that targets how trusts distribute income. Many family groups will pay higher tax as a result of this new approach
Collins HumeFeb 27Professional Services Firm ProfitsThe ATO’s finalised position on the allocation of profits from professional firms starts July 2022 with two gateway tests.
Collins HumeDec 15, 2021If Santa was an Australian tax residentA lighter look at the complexity of Australian taxation laws and the year that has been.
Collins HumeDec 12, 2021The top Christmas tax questionsEvery year, we get asked about the tax impact of various Christmas or holiday-related gestures. Here are your top issues.
Collins HumeDec 7, 2021Katapult Design speaks with Collins HumeIt was a privilege to spend some time with Nathan at Katapult Design to find out what makes his business tick and how Collins Hume helps.
Collins HumeNov 28, 2021Plan ahead to avoid a tax headache in the New YearMany 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.
Collins HumeNov 14, 2021Video: Cryptocurrency and taxChristopher Atkinson discusses the latest guidance from the ATO in our video summary of the commonly asked questions about cryptocurrencies.
Collins HumeNov 10, 2021Tax and the Normalisation of CryptocurrencyThe Australian Taxation Office recently updated its guidance on tax and cryptocurrency.
Collins HumeSep 14, 2021What happens to your superannuation when you die?Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. Read why.