News & Resources

Inside this month, we clear the confusion (as much as possible) on the 120% deduction for skills training and technology announced in the federal Budget. We also look at the ample number of changes coming into force from 1 July 2022. Finally, can you claim a deduction for your gym membership (and what the AAT has to say about this).

Inside this month, we explore the issues and the impact of the ATOs attack on trusts and trust distributions and the landmark High Court cases that changes the way the employer versus contractor relationship is defined.

Inside this month we explore what lies ahead of the Year of the Tiger economy, the finalised guidance from the ATO on professional firm profits, and the tax deductibility of RAT tests.

Inside this month we take a lighter look at the Australian tax laws and what might happen if Santa was a tax resident. Plus, the High Court has ruled that the ‘backpacker tax’ is discriminatory - we look at the implications.

Inside this month, we work through the process, timing and issues for establishing a Director ID under the new Director Identification Number regime that came into effect on 1 November. And, we incorporate the latest guidance from the ATO in our summary of the commonly asked questions about investing in blockchain.