Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are our top issues:

TaxationJPR BUSINESS GROUP8 December 2021Tax, Taxation

If Santa was an Australian tax resident

A lighter look at the complexity of Australian taxation laws and the year that has been.

TaxationJPR BUSINESS GROUP4 December 2021Tax, ATO, australian tax office, Australian Economy

Overseas gifts and loans in the spotlight

The ATO has recently issued an alert on gifts or loans from overseas. The ATO is particularly concerned about schemes and arrangements designed specifically to circumvent Australian tax laws. In general, Australian-resident taxpayers need to declare their worldwide income in their Australian tax return

TaxationJPR BUSINESS GROUP10 November 2021Taxation, Tax, australian tax office, ATO

SMSF COVID-19 Audit Relief Extended

The ATO has extended COVID-19 relief for SMSF trustees. The relief measures, which protect trustees from COVID-19 related contraventions of the super laws, now extend from the 2019-20, 2020-21 and 2021-22 financial years

Tax and the Normalisation of Cryptocurrency

The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.

In early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app. You know when the banks come on board, cryptocurrency has become normal.

TaxationJPR BUSINESS GROUP10 November 2021Bitcoin, Cryptocurrency, ATO, australian tax office, Crypto, NFT

Unwinding COVID-19 Relief

COVID-19 support will roll back as states and territories reach vaccination targets.

The National Plan, the road map out of COVID-19, does more than provide greater freedoms at 70% and 80% full vaccination rates, it withdraws the steady stream of Commonwealth financial support to individuals and business impacted by COVID-19 lockdowns and border closures. We look at the impact and the support that remains in place.

New laws target sharing economy platforms

In an attempt to reign in undeclared income, proposed new laws will require platform providers in the sharing economy to report all transactions through their platforms.

Financial Accounting, TaxationJPR BUSINESS GROUP12 July 2021sharing economy

Business in a post pandemic environment

Countries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment.

Lock-downs: What help is available

The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and how you can get it.

What changes on 1 July 2021?

From superannuation to single touch payroll, find out what’s changing from 1 July 2021.