Adept.Accounting.Tax

GST and insurance

ABRS

GST and Health industry

sale of land or potential residential land & GST

can you take super as income stream as well as lump sum?

Is fee paid to professional consultant to assess and apply for non taxable government business grant tax deductible?

What options or what implication will you have when exceed super annual CAPs for concessional or non concessional ?

First Home Super Saver Scheme is one of the special conditions can release super.

Conditions to release super & options how to receive super

Transfer Balance Cap 1.7 million from 1 July 2021. What count towards cap, what not...

https://www.ato.gov.au/General/ATO-advice-and-guidance/In-detail/Private-rulings/Supporting-documents/GST/GST-on-the-sale-of-vacant-or-subdivided-land/

From 1 Nov 21 Staple applies to your new employees when employer pay super

Super Reforms - Your Future, Your Super The Super Reforms – Your Future, Your Super measure, announced in the 2020–21 Budget, is intended to apply from 1 November 2021.

Australia's biggest businesses implore state leaders to end lockdowns once nation reaches 80 per cent vaccination rate Australia's biggest businesses implore state leaders to end lockdowns once nation reaches 80 per cent vaccination rateBy Stuart Marsh • Senior Producer2:46pm Sep 1, 2021 Tweet Facebook Mail An open letter signed by 80 of Australia's biggest businesses has called on state premiers to stick to the c...

public need confidence, make sure be competent and integrity by facts
and by appearance.

TPB signs new agreement with Professional Standards Councils A new memorandum of understanding aimed at boosting the integrity of the tax profession has now been signed by the Tax Practitioners Board and the Professional Standards Councils.

Covid disaster payment or jobsaver payment? if eligible you can get only one not both. You will need to make decision which. Covid disaster is looking up to max $4,800 payment

Work Related Education Tax Deduction:
must be essentially related current employment income, the deduction is to help your current job skill requirement or is likely to improve/enlarge skills for your current role. you can't claim education expenses if it is to get a new job or to get a higher level job role such as administrator in IT company doing study for master of IT programme.

Work from Home: 52c and actual methods need dedicated work areas, while 80c has no such requirement, and wife and husband can claim 80c as long as they WFH.

Home page The ATO is the Government’s principal revenue collection agency. Our role is to manage and shape the tax, excise and superannuation systems that fund services for Australians.

jobkeeper payment in personal tax return: If you are employee, jobkeeper payment is on income statement as salary or allowance; for sole trader, you need to report it as business income

three golden rules for tax deductions: you must paid the expenses yourself, expenses are directly related to incomes, and you have record to support claims

from 1st July 2021
super guarantee rate 10%
concessional super CAP $27,500;
non concessional super CAP $110,000

budget: single parent can pay as low as 2% deposit to purchase their home(don't have to be first time homeowner)

jobkeeper payment is income for as employees as as well business participants for sole trader or partnership trust, company

Cryptocurrency
Investing in Cryptocurrency is like investing in any other assets, shares, real estate,when purchasing, selling , switching, It has CGT implications in Australia. It need to be reported on tax return.
Like other investment assets, cryptocurrency is an asset happen to be an in unofficially legislated ‘currency’.

Australian tech still ‘playing catch-up’ after share scheme changes Technology start-up founders and investors have warned Australia still has a long way to go to be a destination of choice for the world’s best talent, despite new budget measures.

'The most tax-effective way of saving for a home deposit'. Here's how it works - ABC Everyday The First Home Super Saver scheme can help you save on tax and boost your deposit. Here's how it works.