Trust Compliance & Distributions

The Australian Taxation Office (ATO) is actively targeting trusts and how trusts distribute income to beneficiaries. We explore the essential trust compliance and risk areas: In brief – A summary of key changes and actions. What’s new. Trust housekeeping. What we need from you. The new Government will deliver a Federal Budget in October 2022. … Read more

Tax Time Targets


The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. Record-keeping Work-related expenses Rental property income and deductions, and Capital gains from crypto assets, property, and shares. In general, … Read more

Fuel tax credit changes


The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel, and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022. This has caused a reduction in fuel tax credit rates. During this 6 month period, businesses using fuel in heavy vehicles … Read more

2022 Stars of the Border – what a ride


In November 2021, I was nominated to be a part of Stars of the Border Dance for Cancer, it would be a fun journey to give back to my Albury Wodonga community. I thought it would be a great charity event to be a part of and connect with different people. It was all that and … Read more

Legally Save Tax – Part 4 – Tidy up the house


End of Year adjustments to make saving by tax planning INVESTMENT PROPERTY DEPRECIATION If you own a rental property and haven’t already done so, arrange for the preparation of a Property Depreciation Report to allow you to claim the maximum amount of depreciation and building write-off deductions on your rental property. But most of all … Read more