Unconventional Wisdom

An Occasional Blog from the Chancellery

   

• 02.06.2022 - 2022 Financial Year End Update  read more >>
• 01.06.2022 - Trusts - Division 7A Update - TD 2022/D1  read more >>
• 31.05.2022 - Section 100A Article Update  read more >>
• 11.05.2022 - Allocation of Professional Profits Report  read more >>
• 03.03.2022 - 100A Article Attack on Trusts  read more >>
• 07.06.2021 - 2021 Budget & Financial Year End Client Report  read more >>
• 12.06.2020 - End of Financial Year 2020 Report  read more >>
• 28.04.2020 - Jobkeeper Update: What you need to do  read more >>
• 16.04.2020 - Chancellors Special Analysis Post COVID-19 Impacts      read more >>
• 31.03.2020 - Coronavirus Panic Attack - Further economic responses  read more >>
• 24.03.2020 - Coronavirus Panic Attack - Further economic responses  read more >>
• 13.03.2020 - Coronavirus Panic Attack - Businesses can benefit from a range of measures announced by the Federal Government Yesterday  read more >>
• 26.02.2020 - Superannuation guarantee (SGC) Amnesty - Important opportunity to fix your employee super, but there's a sting in the tail! read more >>
• 12.08.19 - Ridiculous Claims Demonstrate A Failed System read more >>
• 29.07.19 - Massive Retrospective CGT Hit Still Threatens Non-Tax Residents of Australia read more >>
• 20.06.19 - Year End Client Brief 2019 read more >>
• 03.05.19 - The clamp-down on ABNs read more>>
• 02.04.19 - Superannuation Guarantee on Annual Leave Loading read more >>
• 13.03.19 - Increased Queensland Land Valuation Notices read more >>
• 15.02.19 - SMSF Member Limit Increase Bill Introduced read more >>
• 01.02.19 - 2019 New Year Update read more >>
• 25.06.18 - Year End Client Brief 2018 read more >>
• 11.05.18 - Federal Budget 2018 Summaryread more>>
• 12.09.17 - Super assets total $2.3 trillion at June 2017 read more >>
• 04.09.17 - June Quarter 2017 Investment Benchmarks read more>>
• 23.06.17 - Year End Client Brief 2017 read more >>
• 12.05.17 - Federal Budget 2017 Summary read more >>
• 06.04.17 - March Quarter 2017 Investment Benchmarks read more >>
• 21.03.17 - Super Reforms - Key Issues & Opportunities read more >>
• 03.02.17 - December Quarter 2016 Investment Benchmarks read more >>

Tax & Financial
News Feed

• Coronavirus Special update. A tax update from the NTAA. read more >>
• Non-Compliant withholders to be edenied tax deductions. From 1 July 2019, businesses will no longer be able to claim a deduction.read more >>
• Tax changes for small business are finally law. The following changes affecting small businesses have passed parliament read more >>
• Data Matching Program - Sharing Economy (Accommodation). The ATO have published a notice outlining a data matching program relating to on-line accommodation platforms such as Airbnb. read more >>
• HELP Repayment Changes. University fees (or other approved higher education fees) can be paid each year or, alternatively, assistance through a loan scheme may be provided by the government. read more >>
• New downsizing super cap - legislation drafted.  If you are aged 65 or over, your home is your main residence for CGT purposes and you have owned it for a minimum of ten years, you could benefit from new draft legislation. read more >>
• Work-related expense claims under scrutiny.  Will you claim work-related expenses on your tax return this year? The ATO now uses real-time data to compare people’s tax returns with others in similar occupations and income brackets. read more >>
• Employee travel expense deductions.  The ATO has also released new guidance on work-related travel deductions. To claim for transport or other employee travel expenses (like accommodation and meals) in your tax return, you must have incurred the expenses as part of gaining or producing your taxable income. read more >>