The Queensland Government has been forced to shelve land tax changes that would have seen investors who own properties in Queensland hit with significant land tax increases.
The Federal Government has proposed to implement a temporary “skills and training boost” initiative in order to future-proof Australia’s workforce and address current skill shortages.
As the prices of bitcoin and other digital currencies take rollercoaster rides, consultation on their tax treatment has commenced. We briefly explain what crypto assets are and the Australian tax implications that come with them.
A recent random ATO enquiry program found that 90% of tax returns reporting rental income and deductions contained at least one error. So it comes as no surprise to learn that rental properties continue to be one of the main focus areas for the ATO.
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