Share Trader versus Share Investor

Hill v FCT (2019) AAT 1723 The Tribunal has held that a taxpayer who traded shares was not carrying on a business, and therefore, was not entitled to claim losses or carry them forward in the 2015, 2016 and 2017 income years. It was found that overall the share...

Increased Scrutiny of Home Office Claims

According to the ATO, a record number of claims have been made for expenses incurred whilst working from home. Reportedly, due to high number of mistakes, errors and questionable claims for home office expenses,the ATO has recently advised that it will be increasing...

$10k limit on cash payments to business

One of the interesting approaches to tackling the black economy in the recent 2018-19 Federal Budget was the announcement of a $10,000 limit on cash payments to business. Unrecorded and untaxed transactions that occur in the community are estimated at up to 3% of GDP...

Australia’s Industrial Relations Reforms

The Federal Government has recently passed through Parliament the initial stage of the reform to the existing Industrial Relations legislation. This marks a turning point in the national Industrial Relations sector and opens the way towards a new system for this...
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