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Solicitors Trust Account Audit March 2019

For any Law Practitioner, the Law Society requires an audit of the trust records at 31st March each year under the Law Professional Uniform Law (NSW). The Law Society website sets this out as follows: Appointing an external examiner Your…
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ATO Benchmarks A Handy Business Check-up

The ATO has released its latest benchmark data to help businesses in over 100 industries compare their performance against competitors. These valuable benchmarks can help you assess measures like your cost of sales or total expenses, among…
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Three Common CGT Obstacles For Homeowners

In straightforward cases, a property owned by individuals and used as a main residence throughout the period of ownership will receive a full exemption from capital gains tax (CGT) when the home is sold. But this "main residence exemption"…
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Increased Super Thresholds For 2019-20

While the concessional and non-concessional contributions caps will remain unchanged for the 2019-20 financial year, certain other important superannuation thresholds are set to increase from 1 July 2019. The "CGT cap amount" for non-concessional…

Explanatory Memorandum April 2019

Things to get right this FBT season Fringe benefits tax (FBT) returns will soon be due and with the FBT season now in full swing, it’s vital for tax professionals and managers to have the latest information. FBT expert Stephen O’Flynn has…

BUDGET - SPECIAL EDITION

PERSONAL TAXATION Personal tax cuts: low–mid tax offset increase now; more rate changes from 2022 In the 2019–2020 Federal Budget, the Coalition Government announced its intention to provide further reductions in tax through the non-refundable…

Client Alert - April 2019

Things to get right this FBT season Fringe benefits tax (FBT) returns will soon be due and as always, it’s vital to make sure you use the latest rates and rely on the correct information. FBT rates have recently been updated for the year,…
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How Does Listing My Home On Airbnb Affect My Tax?

Millions of Australians are now using the sharing economy to earn some extra money on the side. Thanks to smartphones and user-friendly app technology, people young and old are using peer-to-peer digital platforms to access sharing services…