Tax and Accounting v2

Significant change to claiming working from home expenses   Before 1 July 2022, an individual taxpayer that incurred additional deductible expenses as a result of working from home, had a choice of three methods to claim these expenses.Read More

Permanent residence pathway for sc482 visa holders with an occupation on the Regional Occupation List (ROL)   The Department of Home Affairs has advised in a news article on their website dated 13 February 2023, that the pathway that allows s482 STSOL visa holders to apply for a s186 (TRT stream) if they have been…Read More

Super guarantee contributions for the December 2022 quarter   A reminder to employers that their December 2022 superannuation guarantee (‘SG’) contributions were due by 28 January 2023.Read More

Seasons Greetings to all our Visa Newsletter readers. Wishing you a relaxing and joyful Christmas and New Year break.Read More

Year-end (and other) staff parties Editor:  With the well earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event.  However, there are important issues to consider, including  the possible FBT and income tax implications of providing ‘entertainment’ (including Christmas parties) to staff and clients. Read More

ATO warning to SMSFs: “Paying the price for non-compliance”   There are various courses of action available to the ATO when trustees of self-managed super funds (‘SMSFs’) have not complied with the super laws, including applying administrative penalties.Read More

India-Australia and United Kingdom – Australia Trade Agreements The India-Australia and United Kingdom-Australia Free Trade Agreements were passed by the Australian Parliament this month.Read More

Director ID deadline is approaching   The Government has launched an awareness campaign to help company directors get their director identification number (‘director ID’) as the 30 November deadline approaches.Read More

On 25 October 2022, Treasurer Jim Chalmers handed down an updated 2022/23 Federal Budget, the first for the Albanese Labor Government.Read More