News

It wasn’t me: the tax fraud scam

You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k issued. But it wasn’t you. And you certainly didn’t get a $100k refund in your bank account. What happens now?

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Property and 'lifestyle' assets in the spotlight

Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at these assets to see if what has been declared in tax returns matches up.

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$81.5m payroll tax win for Uber

Multinational ride-sharing system Uber has successfully contested six Revenue NSW payroll tax assessments totalling over $81.5 million. 

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Quote of the month

“Do the best you can until you know better. Then when you know better, do better.” Maya Angelou, American memoirist, poet, and civil rights activist.

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C.R.E.A.T.E. Award Winner 2024

Congratulations to Kanda Kumar, our very worthy winner of the C.R.E.A.T.E Award for 2024. Kanda lives and breathes our values and continues to excel particularly in Collaboration, Excellence, and Respect. 

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When is a gift not a gift?

The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift or a loan from friends.

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Divorce, you, and your business

Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved.

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The changes to how tax practitioners work with clients

The Government has amended the legislation guiding registered tax practitioners to include compulsory reporting of material uncorrected errors to the Tax Commissioner.

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The rise in business bankruptcy

ASIC’s annual insolvency data shows corporate business failure is up 39% compared to last financial year. The industries with the highest representation were construction, accommodation and food services at the top of the list.

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Quote of the month

“Only the guy who isn't rowing has time to rock the boat”. Jean-Paul Sartre, Philosopher. 

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Quote of the month

“It seemed as though he had a fundamental belief that the merit of his argument depended on the strength of his feelings about the matter, and since he always felt uncontrollably passionate about everything, then clearly he was always right.” John Cleese, actor, comedian, author, producer

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Client Tax Return Checklists

Our 2024 checklists are now ready to be accessed. Please click the link below to visit the webpage. 

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