Car sharing

ATO takes its share of car sharing The extra income earned by people taking part in car sharing services such as Car Next Door or DriveMyCar has come to the attention of the ATO. The car sharing services work by making private cars publicly available in a similar way...

Got a HELP debt?

Got a HELP debt? The impending changes to speed up your repayments The Government has moved to put an end to ‘eternal students’ who constantly study and never earn an income and speed up the payment cycle for those with outstanding debt. New lifetime caps on Higher...

Quote of the month

Quote of the month “People should pursue what they’re passionate about. That will make them happier than pretty much anything else.” Elon Musk, Co-founder and CEO, Tesla

Changes to Company Tax

Last minute changes to company tax and franking rate passed by Parliament Legislation passed by Parliament late last month introduces a new test that will restrict some companies from accessing the lower company tax rate from the 2017-18 financial year. Across a 3...

Income from rental property

190,000 taxpayers ‘examined’ in ATO online rental blitz The Australian Taxation Office (ATO) has announced a new data-matching program targeting taxpayers earning income from the exploding popularity of short-term rentals available on platforms like AirBNB and Stayz. ...