ATO debunks Division 7A ‘myths’
Editor: The ATO has recently published a document 'debunking' various Division 7A 'myths'. Division 7A of the tax legislation is intended...
07 February, 2025
Blog
CGT withholding measures now law
The Government recently passed legislation making changes to the foreign resident capital gains withholding laws (among other changes). Editor: Foreign resident...
07 February, 2025
28 Years of Impact: Thank You, Andrew
We bid farewell to Andrew Freeman after 28 years of dedicated service to EQ8 Accountants. Andrew’s remarkable career has left...
06 January, 2025
ATO reminder about family trust elections
Taxpayers may be considering whether they should make a family trust election ('FTE') for a trust, or an interposed entity...
02 December, 2024
Taxpayer’s claims for various ‘home business’ expenses rejected
In a recent decision, the AAT rejected in full a taxpayer's claims for "several classes or categories of deductions." For the...
02 December, 2024
SMSFs cannot be used for Christmas presents!
There are very limited circumstances where taxpayers can legally access their super early, and the ATO is reminding taxpayers that...
02 December, 2024