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More than a blog, this page is where we release our latest market insights, case studies and other timely content. Check back often.

PCR and RAT tests to be tax deductible, FBT free

The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from fringe benefits tax (FBT) for employers if purchased for work purposes.

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Year of the Tiger: Roaring or Bellowing?

The 2022 Luna New Year, Year of the Tiger, is courage and bravery. It is a year to drive out evil and one of momentum and change. The message; walk boldly with courage. And it seems the Reserve Bank Governor is aligned with this sentiment.

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McDonald's convicted for ATO compliance failure

McDonald’s Australia has been convicted and fined for failing to provide documents to the Australian Taxation Office (ATO).

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Engineering, Medical, Legal. New ATO guidance for Professional Firms

The ATO has finalised its guidance on the Allocation of Professional Firm Profits (or commonly known as income splitting) that will apply from 1 July 2022.

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Unlocking financial secrets for different phases of life

One of the keys to financial success is to adopt the right strategy at the right time. As you move through the stages of life, here are some tried and tested ‘secrets’ that will help you build and protect your wealth.

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The top Christmas tax questions

Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are our top tips.

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If Santa was an Australian tax resident

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

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Four financial resolutions to kick start the new year

The dawn of a new year sees many people setting new year’s resolutions such as losing some weight or giving up smoking.

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Gifts or Loans from related Overseas entities under the ATO Radar

The ATO is watching out for taxpayers attempting to avoid or evade tax on their foreign assessable income by disguising amounts as gifts or loans from a related overseas entity. This increased ATO attention has come about with the proposed changes..

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Property investing and SMSFs – the differences

Investing in property seems to be part of every Australian’s DNA. Given the significant growth in property prices in Australia, clients are now looking at using their super to invest in property via a Self Managed Superannuation Fund.

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