Tax

Tax

Understanding Child Support: Impacts on Finances and Borrowing Capacity

When a couple separates, decisions relating to the care arrangements of children becomes a primary issue. The amount...

26 April 2023 • By Justice Family Lawyers

more from tax

Tax

How to avoid CGT on deceased estate property

Claiming full main residence exemption relies on a range of conditions being met.

21 April 2023 • By Suzanne Jones

Tax

Give $3m-plus super balances free rein to restructure: NTAA

Tax-free, age-unrestricted withdrawals should be allowed before the extra tax is imposed, says accounting body.

18 April 2023 • By Philip King

Tax

Trust in eligibility checklist when it comes to MITs, ATO warns

The ATO will be notifying accountants where an ineligible trust type has wrongly claimed status.

17 April 2023 • By Philip King

Tax

ATO boosts data-matching arsenal to close $1.3bn rental property gap

Nine out of 10 rental claims are wrongly filed but the Tax Office is cracking down on compliance in a move that gets a...

14 April 2023 • By Josh Needs and Philip King

Tax

Inefficient, complex FBT regime ripe for overhaul

With its archaic provisions and heavy compliance burden, fringe benefits tax desperately needs modernising.

14 April 2023 • By Robyn Jacobson

Tax

Social media side hustles all count as income, ATO warns

Many clients will need reminding by their accountants that they have to declare secondary sources of income, including...

14 April 2023 • By Josh Needs

Tax

ATO adds PAYGW prefill to activity statements

In the 2023–24 financial year, 3,000 employers will also be randomly selected to receive reminders regarding the...

13 April 2023 • By Josh Needs