Issues on Taxing the Sharing Economy Businesses According to the Grattan Institute report published in April 2016, the rise of the sharing economy (also referred to as collaborative consumption or the peer-to-peer market) is expected to provide Australians with the potential to save more than $500 million on taxi bills, as well as the opportunity to…
Claiming Rental Expenses For Holiday Homes The ATO has often focused its attention on deductions relating to rental properties. This year that focus is on holiday home investors who rent out their properties. Early this year the ATO started contacting these homeowners, and the guidelines are issued in April 2016 appear to be a result of…
A Small Business Tax Concession Case The small business capital gains tax (CGT) provisions contained in the tax law allow eligible small businesses to access tax concessions on capital gains made from the sale of certain CGT assets. There are threshold tests in order to access the concessions. Importantly, the taxpayer must be a small business…
QBCC’s New Guidelines For Building Services License Your license could be suspended or cancelled if you do not meet the new minimum financial guidelines and reporting requirements introduced by the Queensland Building and Construction Commission Recently the Queensland Building and Construction Commission (QBCC), formerly the Building Services Authority, (BSA) announced that; effective 1 October 2014,…
Courtesy of Employsure Your August 2015 edition The footy season is heating up, so is the weather, and recently in employment relations, so have employee disputes. In this edition, we discuss how to resolve employment disputes and focus on some particular precautions employers need to be aware of while offering seven tips to ensure you…
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