Merry Christmas to Everybody! Christmas is only two weeks away and it is that time of the year to understand how Christmas parties may affect

Division 7A Changes Details on the changes to Division 7A (loans to shareholders) has been announced through a consultation paper released by the Treasury and

As the financial year end approaches, it is time to start considering what actions can be implemented to reduce income tax. Small Businesses Reduce Income

GST Withholding on Residential Properties From 1 July 2018, purchasers of new residential premises or residential subdivisions will need to withhold GST on the purchase

Tax Treatment of Bitcoin With the recent fluctuations of cryptocurrencies, it is vital to understand the tax treatment of cryptocurrency (especially bitcoins!) gains and losses,

Christmas Party Planning Christmas parties in general are categorised under ‘meal entertainment’ and FBT liabilities will arise for the employers, however there are some exceptions

Vacancy levy on foreigners who owns residential propertiesA vacancy levy has been introduced, effective from 9 May 2017, to target foreigners who owns residential properties

Foreign Resident Capital Gain WithholdingFor properties purchased, not settled, after 1st July 2017 that have a contract price of over $750,000 (previously $2,000,000) will be subject

From ATO: Be prepared for new penalty powers On 14 December 2013 the government announced that it will proceed with law changes that give the