Whether an UPE to income or capital of a trust estate is a loan?

Nov 22, 2023

We have been fielding questions over the last couple of weeks on an Administrative Appeals Tribunal (AAT) decision that occurred at the end of September 2023.

What is a Virtual CFO and how can it help My Business?

Nov 22, 2023

As business owners, significant time is dedicated to the operations of your business, however, sometimes when you are clouded in the day to day, it is difficult to step back and analyse the financial health of your business and potential growth opportunities. It also becomes increasingly difficult for one person to oversee all finances, therefore it is critical that SME businesses receive timely and incisive advice.

Fringe Benefits Tax Considerations for Work Christmas Parties

Nov 09, 2023

As we approach the Christmas period, many businesses will now be considering the festive season, with planning and organisation of celebrations for workplaces, employees, clients, and associates well underway.

Year-End Tax Insights 2023 for Businesses

Jun 21, 2023

In approaching the end of the Financial Year, we provide key analysis into potential tax changes to take effect from 1 July 2023, with potential insights covering Instant Asset Write-Off, Fringe Benefit Tax, and Superannuation.

Draft Legislation - PCG 2023/D1: Electric Vehicle Home Expenses

May 02, 2023

As electric vehicles (EVs) become more popular, the need for a comprehensive charging infrastructure to service the vehicles is increasingly important. To encourage the development of such infrastructure, the Australian Tax Office (ATO) has introduced new legislation for electric vehicle home charging costs according to draft Practical Compliance Guidance PCG 2023/D1.

Fringe Benefit Tax Exemption for Electric Cars in Australia now Law

Feb 01, 2023

In a measure to reduce emissions and reduce Australia's carbon footprint, the Federal Government's proposed Treasury Laws Amendment (Electric Car Discount) Bill 2022 has passed Parliament, with Fringe Benefit Tax (FBT) exemptions for electric cars now law.

Executive Chairman's Welcome 2023

Jan 24, 2023

Welcome to the first AGR Newsletter for 2023.

New WFH Expense Method Announced by the ATO

Nov 09, 2022

First introduced as part of the pandemic support programs for individuals, the Australian Tax Office intends to conclude the use of their ‘shortcut’ and ‘fixed-rate’ work-from-home expense calculating methods, instead announcing a new combined methodology.

Federal Budget - October 2022 | Our Insights & Analysis

Nov 07, 2022

On Tuesday, 25th October, Federal Treasurer Jim Chalmers handed down the 2022/23 Albanese Government - Federal Budget, providing a brief introduction into Labor's priorities to steady the peak of inflation and manage Australia's economic deficit.

Single Touch Payroll - Phase Two | New Reporting Actions Required

Oct 18, 2022

With the continuing rollout of Single Touch Payroll – Phase Two well underway since the beginning of the year, we’ve now entered “stage 2” of the process, with employers required to identify and update certain pay items with new earnings categories as defined by the Australian Tax Office.