Every business that employs contractors should have a process in place to ensure the correct classification of employment arrangements.

The 2022-23 Federal Budget is a safe, ballot box friendly Budget as expected with a focus on cost of living, homeownership, and health.

This measure enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless of the cost.

The ATO released guidance that targets how trusts distribute income. Many family groups will pay higher tax as a result of this new approach

The ATO’s finalised position on the allocation of profits from professional firms starts July 2022 with two gateway tests.

A lighter look at the complexity of Australian taxation laws and the year that has been.