Individual News
  • Consultation on Division 7A reform begins

    January 29, 2019

    Treasury has released a consultation paper entitled Targeted amendments to the Division 7A integrity rules, outlining the Government’s proposed reforms to Division 7A. Editor: Division 7A is a tax integrity measure designed to ensure that certain taxpayers (i.e., shareholders of private companies and their associates) cannot directly access funds taxed at the applicable company tax rate.

  • Individual News

    September 15, 2018

    It’s that time of year again – tax return time!

    Before you complete your tax return for 2018, here are some key dates, changes and information that you should be aware of in case they affect you.

    5 tax time changes that may affect you

    Several new tax time-related changes have happened since last year. Here are just five of them to be aware of.

  • Individual News

    April 2, 2018

    Investing in Bitcoin? Know the tax implications

    A bit confused about Bitcoin? What is it and what does tax have to do with it?

    Here, we share a few key facts and the tax consequences that may arise if you are thinking about investing (or have already invested) in Bitcoin.

    Note! Any reference to Bitcoin in this article refers to cryptocurrency, or other crypto or digital currencies that have the same characteristics as Bitcoin.

  • Individual News

    September 1, 2017

    IN THIS ISSUE

    • It’s TaxTime 2017! What you need to know about the key changes
    • Claiming work-related expenses?
    • myDeductions – a record keeping tool
    • Housing tax deductions: disallowing travel deductions and limiting depreciation deductions
    • ATO warning on holiday rental properties
  • Individual News

    August 31, 2016

    In this issue

    • Tax Time 2016: It’s tax time! What you need to know about the key changes
    • Targeted personal income tax cut
    • Claiming work-related expenses?
    • ATO retires e-tax in 2016
    • myTax
  • Individual News

    April 11, 2016

    In this issue

    • FBT changes: salary packaged meal and other entertainment benefits
    • Other FBT updates
    • Car expense substantiation methods simplified
    • Superannuation rates and thresholds for 2016-17
    • Lost and unclaimed superannuation
  • Individual News

    November 13, 2015

    Phone, internet and home phone expense claims The ATO has issued an information sheet setting out how taxpayers can claim phone and internet expenses. Basically, it revolves around taxpayers keeping a 4-week diary so they can apportion the expenses between work and private use. Unfortunately, unlike the person*, or persons*, responsible for this information sheet …

  • Individual News

    August 31, 2015

    Individual News

    • Personal income tax cuts repeal
    • Changes to the Medicare levy
    • Dependent spouse tax offset and other amendments   
    • Employee share schemes – proposed changes are now law
    • Work-related car expense deductions
  • Individual News

    April 1, 2015

    In this Issue

    • Medicare Levy Surcharge and Private Health Insurance Rebate
    • Net Medical Expenses Tax Offset
    • Superannuation guarantee rate
    • Super contributions caps
    • Changes to superannuation excess concessional contribution cap
  • Individual News

    September 12, 2014

    In this Issue

    • It’s time to do your Tax Return
    • ATO targeting work-related deduction claims
    • 2014-15 Federal Budget
    • Temporary Budget Repair Levy
    • Medicare Levy Low-Income Threshold
  • Individual News

    June 24, 2014

    In This Issue

    • The end of the financial year is coming
    • Changes to measures that were to be funded by the mining tax
    • Rescheduling the increase in superannuation guarantee rate
    • Changes to tax administration from the Budget
    • Measures affecting companies and trusts from the Budget