Monthly Archives: April 2016

The Government are being hammered for not removing negative gearing as it is not “equitable”. Those saying “equity” seem to have a different definition then the standard tax axioms but when asked what they mean they indicate that the benefit … Continue reading →

I love “Taxpayer Alerts” as they sound like some robot warning us of impending danger. But what they really are is a lot more exciting (to me at least). When the Commissioner finds people acting in ways he thinks are contrary to … Continue reading →

I went looking for a Bill on the aph.gov.au website. And it was not there. And after a bit of looking around I discovered something weird was happening. In March, the Prime Minister wrote to the Governor-General to ask him to prorogue … Continue reading →

It is pretty clear that the Government will decrease the threshold for Div 293 tax to $180,000 in the upcoming budget. This will mean an effective rate of 30% contributions tax for those earning more than $180,000. But the other … Continue reading →

In the 2013/14 year the average tax deduction claimed for managing their tax affairs by the 6 million individual taxpayers who used a tax agent to lodge their return was $372. Was that your guess?

The next part of the Government “innovation tax changes” has been released in a draft Bill. This draft Bill implements the announcement last year to supplement the “same business test” with a more flexible “similar business test” to improve access … Continue reading →