August news - here's what you missed

WORKING FROM HOME DEDUCTIONS: CHANGES IN THE 2023 FINANCIAL YEAR

With the commencement of the 2023 financial year, the way in which employees may claim a tax deduction for their home office costs have changed. The 'shortcut method'?allowed taxpayers in certain circumstances to claim a deduction for specified working from home costs based on an hourly rate of 80 cents per hour.? Read more

Moore Australia?is pleased to publish the Financial Year (FY) 2022 review of APAC Mid-Market Mergers and Acquisitions. Read the Report here. This follows the APAC mid-Market M&A report for Q4 FY2022.

MOORE GLOBAL LAUNCHES ESG CONSULTING SERVICES

We are excited to announce the launch of Moore's ESG Advisory & Assurance Service. The service was created by our global experts to ensure your organisation meets its ESG goals and requirements. Find out more

GST AND THE FINANCIAL ACQUISITIONS THRESHOLD - WHAT YOU NEED TO KNOW

There are specific GST rules for making financial supplies, including IPO’s, capital raising, mergers and acquisitions, and dealings in shares. While financial supplies are usually input-taxed and therefore do not attract a liability to remit GST, they generally have no GST recovery on expenses relating to these supplies. Read article

Edition 1: START-UPS - WHERE DO I START?

Our experts help you take the first steps on the entrepreneurial ladder. Read more

Edition 2: BUSINESS STRUCTURES: WHAT IS RIGHT FOR YOU?

Each structure will have features and benefits, and it is important that you consider which one best suits your long-term business goals.??Read more

ATO FOCUS ON RENTAL PROPERTIES

The Australian Taxation Office (ATO) have highlighted that income and deductions from rental properties remain a key area of focus.?They have found that 90% of tax returns reporting rental income contain at least one error. Read more

FEDERAL GOVERNMENT MAKES ELECTRIC VEHICLES EXEMPT FROM FBT

Treasury Laws Amendment (Electric Car Discount) Bill 2022 was introduced which proposes to make the provision of zero or low emissions vehicles exempt from fringe benefits tax (FBT). Read more

REGULATORY CHANGES FOR PROPRIETARY COMPANIES

The Australian Taxation Office (ATO) has highlighted that income and deductions from rental properties remain a key area of focus.?They have found that 90% of tax returns reporting rental income contain at least one error.?Our team have collated the recent information from the ATO together with some of our recent articles covering various topics for consideration.??Read more

The information in these articles is meant for general information purposes only. To discus your personal circumstances, please contact our advisors today.