BrisTax

Expert Australian Tax Accountants

[BrisTax @BrisTax1]

Estate planning is a complex area which requires careful consideration of tax implications which can vary widely depending on individual circumstances. Read more https://t.co/4GpjSyEiEu

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Revised stage 3 tax cuts are now law and it is time to be proactive about your tax planning. Find out how it will affect you here. https://t.co/myikv7fiyi

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The ATO has updated its ruling on the deductibility of self education expenses. Read more https://t.co/nqknL0tQMf

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Following two prominent High Court decisions on the distinction between employees and independent contractors, new ATO guidance on the topic has now been released. Read more https://t.co/vlZ5kjjOm1

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Do you earn PSI? While most people may think that it only applies to builders or tradies, it may also apply to any instance where individuals use their personal effort or skills. Read more https://t.co/lHJx8UYeLe

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Government has finally caved into pressure and flagged changes to the stage 3 tax cuts. Read more https://t.co/FNuxjnSRWn

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Owners of holiday homes should be aware that deductions may not be claimable where a property is not genuinely available for rent. Read more https://t.co/hKNwJuXzpr

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The ATO is conducting a data matching program which will acquire officeholder data from ASIC, ORIC and the ACNC. Read more https://t.co/SGs5T5q3UT

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The ATO has clarified when deductions for losses and outgoings that relate to holding vacant land will be denied in relation to individuals not conducting a business or in primary production. Read more https://t.co/PZQYIRvlko

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The ATO has recently released a Determination to provide guidance on two specific issues of control in relation to the aggregated turnover test and when the Commissioner can exercise discretion. Read more https://t.co/Ydteb8TQwg

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The ATO has reminded taxpayers that the annual TPAR must be lodged on time. Penalties recently issued for non-lodgment averaged $1,110. Read more https://t.co/ASpps2CNFR

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The government is currently consulting on whether or not to proceed with suggested changes to modernise individual tax residency. Find out more here https://t.co/tA1cSAnfv9

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Does GST apply to crypto assets? Find out more here GST on Crypto Assets?

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Small businesses may soon be able to receive a bonus tax deduction as an incentive to electrify their operations. Find out more here https://t.co/yCCwM6lO0n

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Small businesses may be able to get a bonus 20% tax deduction for business expenses and depreciating assets used improve their digital operations. Find out more here https://t.co/hXl09Jc2rZ

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The ATO has extended the motor vehicles data matching program to the 2022-23 to 2024-25 financial years. Find out more here https://t.co/DTX3skb1H0

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An update has been released by the ATO on identifying where a company’s central management and control are located. Find out more here https://t.co/Pf4KfSb1rO

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The ATO’s taxpayer Charter has been streamlined to make it easy to understand and helpful without changing important ATO commitments. Read more https://t.co/qjgOAaiCtP

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With the start of the new financial year, temporary expensing is now no longer available, but small businesses still have access to the instant asset write-off. Read more https://t.co/qyIh8PpDm8

[BrisTax @BrisTax1]

Soon, employers can use alternatives to FBT evidentiary documents to reduce compliance costs. Read the details here:

https://t.co/6kUmyv9mAj