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Brisbane’s Courier Mail reported recently (10 November 2016), that the Australian Tax Office (ATO) will be harvesting records from eBay seller accounts, to find those who are not reporting large amounts of extra income made online. Back in July 2016,…

Editor: The government has finally legislated the tax cuts originally announced in the May 2016 Budget, so that the marginal tax rate of 37% now starts at $87,000. The following are the rates for adult residents for the 2016/17 income year (i.e., from 1…

A recent report from ASIC found that poor or inadequate cash flow was the number two reason for most businesses failing. It might be surprising to know that even if your business is doing well and making profits, you could…

Lodging a tax return can seem daunting for students. Parents who may be helping to navigate these uncertain waters can also find it  challenging. To help, CPA Australia has put together eight tax tips  for students for the year ending 30 June 2016.…

Where a buyer commences to hold all of the shares in a company (including a company acting as trustee of a trust), they are highly likely to be appointed as a director of that company. Although being a director in…

The ATO has issued an information sheet to let taxpayers know that money earned from renting out a room in a house is rental income. This applies to rooms rented by traditional means or through a sharing economy website or…