by Team Garnet | Mar 6, 2024 | ATO, Business Structures, Tax News
With the rise in businesses purchasing EVs for the use of their employees, the ATO has finalised its guidelines setting out the methodology for calculating the cost of electricity. Since the introduction of EV incentives by various state governments to encourage the...
by Team Garnet | Feb 26, 2024 | Families, Investments, Property
Estate planning is a complex area that requires careful consideration of tax implications, which can vary widely depending on individual circumstances. Many issues that affect the distribution of assets to beneficiaries will need to be considered before an individual...
by Team Garnet | Feb 10, 2024 | ATO, Business Structures, Tax News
Do you earn PSI? While most people may think that it only applies to builders or tradies, the truth is that may also apply to any instance where individuals use their personal effort or skills. Personal Services Income (PSI) generally only applies to individuals that...
by Team Garnet | Feb 2, 2024 | Investments, Property
Foreign investors will soon be paying more for residential housing under a government plan to boost housing stock for Australians. In response to various media commentary and public sentiment that foreign investors are one of the most significant factors causing the...
by Team Garnet | Jan 25, 2024 | ATO, Superannuation
ATO is continuing to target illegal early release of super in 2024. Find out about the tools and strategies they are using this year. As a new calendar year commences, the ATO’s priorities in the SMSF sector remain consistent. As with previous years, the greatest area...
