2022 News
Climate change featured heavily as part of the Federal Election and as the Albanese Government gets to work putting into play some of the promises it made, how might this impact your planning, reporting, and potentially assets in your business?
This month we explore some of the changes that are in play and also the possibility of FBT-free electric cars as part of fleet management. We also look at how crypto investors need to manage their gains and losses.
Finally, the impact of successive interest rate hikes is starting to be felt by small business owners which is why we recommend talking to your accountant about what this might mean for cashflow.
Click on the links below for more information and if we can assist you, please contact the Bates Cosgrave team on 02 9957 4033.
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August 30, 2022As many investors experience a so-called ‘crypto winter’ that wiped trillions of dollars off the digital currency market since late 2021, many Australian investors are looking at whether they can claim the losses. -
August 30, 2022During the first two years of the pandemic, the Australian tax office showed some leniency on pursuing business tax debts and allow. -
August 30, 2022During the first two years of the pandemic, the Australian tax office showed some leniency on pursuing business tax debts and allow. -
August 30, 2022During the first two years of the pandemic, the Australian tax office showed some leniency on pursuing business tax debts and allow. -
July 30, 2022During the first two years of the pandemic, the Australian tax office showed some leniency on pursuing business tax debts and allow. -
July 30, 2022One of the biggest complaints from salespeople in a tight economy is the time it takes to achieve a sale. -
July 25, 2022Everyone knows that you don't pay tax on the family home when you sell it, right? We take a closer look at the main residence exemption. -
July 25, 2022As the new Financial Year kicks off, here are the changes you need to be aware of as a business or personal taxpayer. -
May 30, 2022The Australian Tax Office has contacted directors potentially in breach of certain types of debts within their companies. -
May 30, 2022A series of reforms and changes will commence on 1 July 2022. Here's what is coming up. -
May 30, 2022Keeping fit generally means staying healthy, but despite numerous attempts by taxpayers, a gym membership deduction. -
May 30, 2022The Government announced in the 2022 Federal Budget that it had temporarily halved the excise and excise equivalent custom duty. -
May 30, 2022It was one of the headline grabs of the 2022 Federal Budget: Small businesses could spend $100 and claim a $120 tax deduction. -
March 30, 2022With Australian unemployment its lowest in more than 40 years, concerns around skills, wages, inflation and post COVID recovery. -
March 30, 2022For more on our Federal Budget insights, please click here. -
March 30, 2022The pandemic has created a scarcity of labour. As a result, the Government is relaxing certain work restrictions for a range of visas including eligible Student and Working. -
March 30, 2022Admidst concerns about inflation, the Federal Budget has included some measures for skilling and training employees. -
March 30, 2022Training, digital transformation, stronger compliance, and expanding employee share schemes were the focus points. -
March 30, 2022Perhaps surprisingly, there were few superannuation measures in the Federal Budget beyond the extension of the minimum drawdown rates. -
March 30, 2022Families are dealing with increasing costs at the pump, in their shopping baskets, and ricing prices in many areas of their household budgets. -
March 30, 2022This week's ballot box friendly budget had few major surprises, with a focus on jobs, cost of living, business and cost-of-living payments. -
March 30, 2022The Government has again extended the the temporary immediate deductions for small business. -
March 30, 2022Two landmark cases before the High Court highlight the problem of identifying whether a worker is an independent contractor. -
March 30, 2022The Fringe Benefits Tax (FBT) year ends on 31 March. We've outlined the hot spots for employers and employees. -
March 30, 2022The Australian Tax Office (ATO) has released new guidance material that directly targets how trusts distribute income. -
February 23, 2022Businesses struggling with the Omicron wave of the pandemic have been offered new grants and support in NSW, SA and WA. -
February 20, 2022The rules for the Pandemic Leave Disaster Payment, the payment accessible to those who have lost work because they have had to self-isolate with COVID-19. -
February 20, 2022As Australia shifts to 'living with COVID', the Federal Treasurer has announced that PCR and RAT tests will be deducible – if purchased for Work. -
February 20, 2022The Australian Taxation Office's finalised position on the allocation of profits from professional firms starts on 1 July 2022. -
February 20, 20222022 is shaping up to be a year focused on inflation, cost of living, and the realities of stagnant wage growth. -
January 30, 2022The NSW Government has announced a $1bn support package for struggling NSW small businesses. -
January 30, 2022As the new Financial Year kicks off, here are the changes you need to be aware of as a business or personal taxpayer. -
January 30, 2022The Australian Tax Office has long flagged gifts and loans from overseas as likely to come under scrutiny. -
January 30, 2022The Australian Tax Office has extended its relief measures for SMSF trustees. -
January 30, 2022The Australian Taxation Office recently updated its guidance on tax and cryptocurrency. -
January 30, 2022Directors are now required to register for a unique identification number that they will keep for life.