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Insights earned and shared along our own journey to helping you.Exciting Changes to Koala Tax – New Office, New Brand
Exciting Changes to Koala Tax – New Office, New BrandLaura Miller, B.Com, CA. 11 December 2023 As we approach the end of the year, I wanted to share some exciting changes coming our way in the new year. Firstly, we're working on fitting out a brand new office at Shop...
ATO launches assault on rental property owners
ATO launches assault on rental property owners Laura Miller, B.Com, CA. 06 May 2023 The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses.The ATO’s assessment, based on previous data...
‘OnlyFans’ + Content Creators get tax risk warning
‘OnlyFans’ + Content Creators get tax risk warningLaura Miller, B.Com, CA. 03 May 2023The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the Tax Office has...
Company money: A guide for owners
Company money: A guide for owners Laura Millar, B.Com, CA. 18 Apr 2023When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already paid tax on. So, it only seems fair that when the...
How Does Tax Apply to Electric Cars?
How Does Tax Apply to Electric Cars? Laura Millar, B.Com, CA. 13 Apr 2023Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. The FBT exemption for electric...
What’s the Deal with Working from Home?
What’s the Deal with Working from Home? Laura Millar, B.Com, CA. 6 Mar 2023The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur...
The ‘Super’ Wars
The ‘Super’ Wars Laura Millar, B.Com, CA. 20 Mar 2023A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget. What is the purpose of superannuation? At first...
‘Downsizing’ contribution to superannuation – Is it worth it?
‘Downsizer’ contributions to superannuation - Is it worth It? Laura Millar, B.Com, CA. 8 Feb 2023From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. What’s a ‘downsizer’ contribution? If you are aged 55 years or older, you can...
How good is ChatGPT at tax?
How good is ChatGPT at tax? Laura Millar, B.Com, CA. 8 Feb 2023Not being paranoid or anything but we were curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the Australian tax system. Question: How much...
Take your business full throttle in 2023
Take your business full throttle in 2023 Laura Millar, B.Com, CA. 25 Jan 2023 In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough. Know what your position is. A business health check is an analysis of the current state of your...
The ATO’s final position on risky trust distributions
The ATO’s final position on risky trust distributions Laura Millar, B.Com, CA. 8 Feb 2023 The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions - changing the goal posts for trusts distributing to...
Avoiding the FBT Christmas Grinch!
Avoiding the FBT Christmas Grinch! Laura Millar, B.Com, CA. 13 Dec 2022It's that time of year again - what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant (just kidding), etc. Here are our top tips for...
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