Our Recent Blogs

Avoid a Tax Time Shock
Debbie Grace Debbie Grace

Avoid a Tax Time Shock

Individual taxpayers can take the following steps right now to ensure the correct amount of tax is being put aside throughout the year...

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Small Business Concessions
Debbie Grace Debbie Grace

Small Business Concessions

The ATO has recently issued a reminder that small business owners may be eligible for concessions on the amount of tax they ultimately pay.   

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Federal Court Overturns AAT's Tax Resident Decision
Debbie Grace Debbie Grace

Federal Court Overturns AAT's Tax Resident Decision

The Federal Court has recently overturned an Administrative Appeals Tribunal ('AAT') decision that a taxpayer was a resident of Australia for tax purposes (even though he was mostly living and working overseas during the relevant period).

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Varying PAYG instalments due to Covid-19.
Debbie Grace Debbie Grace

Varying PAYG instalments due to Covid-19.

Taxpayers can vary their pay as you go ('PAYG') instalments throughout the year if they think they will pay too much, compared with their estimated tax for the year.

To assist taxpayers who continue to be affected by Covid-19, the ATO has stated that it will not apply penalties or interest on varied instalments for the 2021/22 income year for excessive variations when the fund has taken reasonable care to estimate its end of year tax.

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