Our latest eNewsletter includes information on the following topics:

Looming changes for the “buy now, pay later” market – In a bid to protect consumers, the Federal Government has released a consultation paper about regulating “buy now, pay later” services.

NSW first home buyers: choice of tax – The NSW government has introduced the First Home Buyer Choice scheme, which allows eligible first home buyers a choice between paying an annual property tax or the traditional stamp duty.

Proposed new method for calculating work from home expenses – The ATO proposes a revised fixed rate method of calculating WFH expenses for the purposes of claiming a tax deduction from 1 July 2022.

ABN registration: draft legislation to enforce lodgement and notification compliance – The Federal Government intends to strengthen the ABN system by imposing new compliance obligations for ABN holders.

A little planning can help avoid an FBT hangover this festive season – As the so-called “silly season” gets underway, it’s the perfect time to consider what benefits your business might provide to staff.

FBT car parking benefits: new draft ruling – The ATO has recently released an updated consolidated draft taxation ruling that incorporates proposed changes to FBT car parking benefits.

Tax implications of deferred rent for businesses – If your business has received a waiver, deferral or variation of rent, you may face income tax, GST and perhaps even CGT consequences.

Future of superannuation – Assistant Treasurer and Minister for Financial Services Stephen Jones has outlined two main areas the Federal Government will focus on to improve Australia’s super system.