Category Archives: Uncategorized

Small Business CGT Concessions Anti Avoidance Measures Bill Passes Parliament

We finally have some long-feared changes to the small business CGT concessions. These are in the Treasury Laws Amendment (Tax Integrity and Other Measures) Bill 2018 and have now passed the Parliament. These changes propose to add additional basic conditions for … Continue reading

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Learning from the Solomon Islands – No deductions if no withholding coming to Australia…

I have spent some time working with the Inland Revenue Division of the Solomon Island. Way back in 2005 the Solomon Island Government introduced subsection 20(2A) into their income tax legislation. It states: By 1 July 2019 the Australian tax … Continue reading

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Lets have a new tax…

For Fathers Day My boys bought me a new electric shaver… All I could think about was tax avoidance… That is because in 1698, the cleanly shaved Emperor of Russia, in a hope to make Russia men look more European, … Continue reading

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Travel and Accommodation Deductions

I have been getting asked a lot of questions about travel and accomodation deductions… They are normally about a contractor or employee who is working away from their home far enough away they can’t just come home each night. They … Continue reading

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My favourite 2 Tax Myths

In “Tax myths busted!”, Commissioner of Taxation, http://www.ato.gov.au, 30 June 2018  The Commissioner has identified the top 10 tax myths and misunderstandings that are those involved in preparing individual tax returns have, including tax agents prepared and self-prepared returns. And … Continue reading

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What is the Company Tax Rate? Last answer I promise…

I don’t feel like a pathetic tax advisor any more. You see, for the past 10 months I have not been able to answer the question “What is the company tax rate?” I know I find the answer in the … Continue reading

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Work and Travel Deductions

Given that I have criticised for my recent comments on tax agent prepared returns making inappropriate claims for work related deductions, I decided to put a paper together on the work related deduction rules to help tax agents. I hope … Continue reading

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