Earning income for personal effort
Taxpayers should remember that, if over half their income is from a contract for their personal effort or skills, then...
18 April, 2024
Blog
Taxpayer who lived and worked overseas found to be tax resident
The Administrative Appeals Tribunal ('AAT') recently held that a taxpayer was a tax resident of Australia, even though he was...
17 April, 2024
Prepare for upcoming lodgments of SMSF annual returns
SMSFs need to appoint an auditor no later than 45 days before they lodge their SMSF annual return ('SAR'). In preparation...
17 April, 2024
Quarterly TBAR lodgement reminder
SMSFs must report certain events that affect any member's transfer balance account ('TBA') quarterly using transfer balance account reporting ('TBAR'). ...
17 April, 2024
Using the ATO’s small business benchmarks
The ATO has updated its small business benchmarks for 2021-22. These benchmarks help taxpayers compare their business turnover and expenses...
17 April, 2024
How to claim working from home expenses
Taxpayers who have been working from home this financial year, and who consequently incurred work-related expenses, have two ways to...
17 April, 2024