The Accounting Division Blog
04/09/2020: Be careful when changing business structures
If your small business has not only survived but thrived during the pandemic, you may be considering a change of business structure, typically from sole
Vested in trusts
Have you looked at your trust deed recently? If you have a trust, chances are it was set up by your accountant or solicitor. Look
Non-commercial losses safe habour: natural disasters
Where an individual, either alone or in a partnership, carries on a business activity, the non-commercial loss rules generally apply to prevent losses from non-commercial
15/01/2021:
Did you know that you can boost your super savings by using the unused carry forward concessional contributions cap? Put simply, the unused cap allows
How does listing my home on Airbnb affect my tax?
Millions of Australians are now using the “sharing” economy to earn some extra money on the side. Thanks to smartphones and user-friendly apps, people can
ATO scam calls may be a thing of the past
Receiving scam calls purportedly from the ATO and other official departments may be a thing of the past with the completion of a successful trial
Pre-lodgement compliance review: what you need to know
As a part of the ATO’s concerted efforts to engage taxpayers earlier and identify risks before they become an issue, pre-lodgement compliance reviews (PCRs) are
ATO blitz on the sharing economy continues
The sharing economy is booming in Australia with a large proportion of the population either making it their full-time job or making a little extra
Three common CGT obstacles for homeowners
Many homeowners are not aware that the “main residence” rules exempting the family home from capital gains tax (CGT) are in fact quite complex and
Airbnb and home sharing: Taxing implications
Do you rent out a part of your home, or a holiday home, on Airbnb, Stayz or another sharing site? Perhaps you see this as
