When can I claim self-education expenses?

If you undertake study related to your work, you can claim the costs of that study as a tax deduction if your employer has not already paid for your expenses.  There is no limit to the value of the deduction you can claim. While this all sounds great, there are issues...

State Tax Surcharge for Family Trusts

Recent changes to state laws may trigger a surprise tax bill for family trusts (discretionary trusts). Surcharge on foreigners purchasing land The problem for family trusts stems from recent legislative changes in NSW, Victoria and Queensland that impose a surcharge...

What you need to know about Uber & Airbnb

How the ATO treats Uber & Airbnb style services: what you need to know So what happens when you start driving for Uber and offering your home up for Airbnb? Given that so many of these services are provided through sharing platforms, the Australian Tax Office...

2016 Warning on Super Contributions

The 2016-17 Federal Budget announcements on superannuation have caused a lot of concern. Superannuation policy changes include: A $500,000 lifetime non-concessional contributions cap from Budget night A reduction in concessional contribution cap from 1 July 2017 The...