Christmas is traditionally a time of giving, including employers showing gratitude to their workers for a job well done throughout the year. However, depending on the nature and value of the gift, and also who it is gifted to, such magnanimity can attract unwanted tax...

The 2022-23 federal Budget was handed down on 25 October. The confirmation of lucrative income tax cuts, and the scrapping of a tax offset for low- and middle-income earners were the big-ticket items. Click here to read more

Director identification numbers... time is running out. All existing directors of a company, registered Australian body, registered foreign company, or a director of corporate trustees of an SMSF are required to apply for a director identification number (director ID)...

Tax Consequences of Land Subdivision http://sutherlandtse.com.au/wp-content/uploads/2022/09/SUTHERLAND-September-2022.pdf

ATO Focus on Rental property income and expenses. http://sutherlandtse.com.au/wp-content/uploads/2022/08/SUTHERLAND-August-2022.pdf

Ensure that you are compliant with all your Taxable Payment Annual Reports. If you are a business that pays contractors, click on the link for more information. http://sutherlandtse.com.au/wp-content/uploads/2022/08/Taxable-Annual-Reporting.pdf

 From 1st November 2021, ASIC has implemented the new Director Identification Number (DIN) regime. All company directors must apply for their own DIN which is a unique 15 digit identification number issued by the Australian Business Registry Service...

http://sutherlandtse.com.au/wp-content/uploads/2022/07/SUTHERLAND-July-2022-2.pdf As the economy emerges fromCOVID-19, the ATO is re-focusingon debt collection.