Category: ATO Compliance

A common question for businesses needing some work done is: should we employ a new person, or simply contract the workout? The answer isn’t a straight ‘yes’ or ‘no’, as it depends heavily on your business, the work to be done, and the person who might be doing the work. What’s the difference? Put veryRead More »

A popular method of avoiding taxation in the past has been to buy a property, build or renovate, live in the residence for twelve months (satisfying the appearance of ‘primary place of residence’), then selling the property – and buying another property to repeat the cycle. This takes advantage of exemptions to capital gains taxRead More »

We’ve seen quite a bit of confusion recently around whether renting out a room in your primary residence counts as declarable income to the Australian Tax Office (ATO). Guidelines that are available on this topic tend to be rather difficult for the layperson to decipher, leading to many incorrect claims – whether people declaring incomeRead More »

Amongst the Australian Tax Office’s targets this year are work-related deductions – especially relating to fly-in-fly-out (FIFO) workers. So how can you avoid getting caught in the net? The obvious answer is to not to do the wrong thing. Well, that’s always a good start – but the rules around deductions for FIFO work haveRead More »