News Archives

Australians are set to go to the polls in just under three weeks time and as we plunge into the campaign cycles and spin, there are plenty of questions around how a potential change of government will impact Australian businesses and investors.

This month, we're looking at what a Labor government may mean for tax reform based on the information it has been released over the past year. There are some considerable impacts for investors, SMSF owners, and tax. Our latest factsheets wrap up what this could mean for you.

We also look at the new AAT small business disputes division, the importance of correctly accounting for private use of business assets, and new rates for FBT.

As always, if you have any queries, contact our team on 9957 4033.

	New AAT small business tax disputes division The ATO has confirmed how it will engage with the new small business taxation division of the administrative appeals tribunal.
	New factsheet | What does a labor government for your tax? The Australian Labor party has been slowly releasing – or confirming – its tax policy reforms since mid 2018. We wrap up what they are proposing and what it could mean for you.
	Correctly accounting for the private use of business assets Using business assets for private purposes is coming under increasing scrutiny from the ATO. How can you stay on the right side of the tax office?
	Income exempt under the International Organisations (Privileges And Immunities) Act A draft ruling from the ATO provides updated guidance on income derived by someone who is working for certain international organisations.
	1 July 2019 FBT rates and thresholds Each year the ATO updates its rates and thresholds for fringe benefits tax, which is outlined below.