ATO Guidelines for SMSF’s granting commercial rent relief during COVID
ATO Guidelines for SMSF’s granting commercial rent relief during COVID The National Cabinet Mandatory Code of Conduct outlines a set of good faith principles for commercial tenancies for providing rent relief to tenants affected by COVID. What if that property is...
ATO’s position on foreign income tax offsets confirmed
ATO’s position on foreign income tax offsets confirmed The Australian Taxation Office (ATO) has recently welcomed the decision of the High Court to decide against granting an application for special leave, to appeal a decision of the Full Federal Court (FITO). The...
ATO and other financial support for those affected by the Bushfire Crisis
Over the Christmas break, unfortunately mother nature was not on the side of many Australian locals. The bushfire tragedy in Australia has affected so many of our local environments, animals, communities and clients. Despite the age-old, saying “rain, hail or shine”...
Work parties and gifts – the tax implications
It’s definitely the season to deck the halls. Christmas parties, Secret Santa gifts, work drinks and festive ‘feastivity’ is in the air. They are all part of this time of year and we’re definitely not here to spoil your fun, but did you know there are possible tax...
What to do if you get a ‘please explain’ letter from the ATO
It’s happened, you’ve opened your letterbox hoping to see an online-shopping package, birthday card or letter from a loved one. Unfortunately, luck isn’t on your side on this day and you’ve instead found an ominous ‘data matching’ letter, courtesy of the...
