Tax deductions for personal superannuation contributions In order to claim a deduction for personal superannuation contributions, a notice of intent to claim form must be submitted to
Contractor v employee issues abound It has been a big start to the year for issues focusing on whether workers are employees as opposed to
ATO releases trust distributions guidance Discretionary (“Family”) Trusts are a very common structure that are used throughout Australia by both the big and small ends
On Tuesday the 29th of March, Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget. The 2022-23 Federal Budget is very much an election year budget
Federal Election On Sunday the 10th of April, Prime Minister Scott Morrison announced that the 2022 Federal Election will be held on Saturday the 21st of May
ATO Trust Distribution Guidance Update In our March Sky Update we wrote about the ATO’s draft guidance contained in draft tax ruling TR 2022/D1. This draft ruling deals
RBA INTEREST RATE DECISION On the 7th of June the Reserve Bank of Australia (RBA) made the decision to raise the cash target rate by 50 basis points
RBA REVIEW On the 20th of July, Federal Treasurer Jim Chalmers announced a review of the Reserve Bank of Australia (RBA). The review will consider the RBA’s objectives,
ELECTRIC CAR DISCOUNT On the 29th of July, the new Labor Government introduced the Tax Laws Amendment (Electric Car Discount) Bill 2022. The objective of this Bill
DIRECTOR ID REGIME Since the introduction of the Director ID regime in November 2021 we have written in this forum about the need for company