Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider. Business transactions often include earn-out clauses [...]
Legislation enabling the small business energy incentive hit Parliament last week. The incentive is another broadly defined incentive to nudge behavior, Legislation enabling the small business energy incentive hit Parliament [...]
From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term accommodation to report their transactions to the ATO each year. [...]
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the [...]
Working with clients to manage the demand for electric vehicles can be tricky - this involves helping clients understand how the new FBT exemption applies (and when it doesn't) and [...]
In a very quick turnaround from announcement to draft legislation, Treasury has released the exposure draft legislation for consultation to enact the Government’s intention to impose a 30% tax on [...]
From 6 December 2023, employers can no longer employ an employee on a fixed-term contract that: is for 2 or more years (including extensions) may be extended more than once, [...]
Generational succession - handing your business across to your kids or family - sounds simple enough but, many families end up in a dispute right at the point when [...]
A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax position you are taking. The case involves heritage farmland originally [...]
Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the [...]
