by Teigan Amos | Nov 29, 2023 | Articles, Updates
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big part of the problem is how taxpayers are claiming interest on their investment property loans. We’ve seen an uptick...
by Teigan Amos | Nov 29, 2023 | Articles, Updates
Legislation currently being debated in Parliament will introduce a new criminal offence for intentional “wage theft”. If enacted, in addition to the criminal offence, a fine will apply. The fine is three times the underpayment and: For individuals – 5,000...
by Teigan Amos | Nov 29, 2023 | Articles, Updates
Workers owed $3.6bn in super guarantee Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to dramatically change. Superficially, the...
by Teigan Amos | Oct 31, 2023 | Articles, Updates
We want to welcome Jamie Rossington as a part owner of Bentleys Newcastle. Many clients know Jamie and have had interactions with him over the many years he has been with Bentleys, and he has now stepped up to an ownership role. Jamie draws on over 20 years of...
by Teigan Amos | Oct 5, 2023 | Articles, Updates
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim. If you undertake study that is connected to your work you can normally claim your...
by Teigan Amos | Oct 5, 2023 | Articles, Updates
Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025. This is the final step before the legislation is introduced into Parliament and a step...
