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Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season.  1. Keep team gifts spontaneous$300 is the minor benefit threshold for FBT so anything at or above this level will mean that your Christmas generosity will result ...

Legislation enabling an extra 15% tax on earnings on super balances above $3m is before Parliament.While not a concern for the average worker, if enacted, those with significant property or other illiquid assets in their superannuation fund are most at risk, for example farmers and business opera...

A decision by the Administrative Appeals Tribunal has the tax world in a flurry after the Tribunal found in favour of a taxpayer who sold the apartment she lived in for a loss, then claimed the $265,935 loss in her tax return as a deduction.In this case, the taxpayer successfully argued that the ...

Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024? We explore some of the key issues and influences.Inflation and labour supplyRBA Governor Michelle Bullock stated, “Inflation is past its peak and heading in the right direction, but it is lik...