by Team Garnet | Apr 2, 2024 | ATO, Tax News
The revised stage 3 tax cuts are now law, and it is time to be proactive about your time planning. Find out how it will affect you here. Now that the revised stage 3 tax cuts have passed all stages of Parliament and received Royal Assent, the new rates are law and...
by Team Garnet | Mar 6, 2024 | ATO, Business Structures, Tax News
With the rise in businesses purchasing EVs for the use of their employees, the ATO has finalised its guidelines setting out the methodology for calculating the cost of electricity. Since the introduction of EV incentives by various state governments to encourage the...
by Team Garnet | Feb 26, 2024 | Families, Investments, Property
Estate planning is a complex area that requires careful consideration of tax implications, which can vary widely depending on individual circumstances. Many issues that affect the distribution of assets to beneficiaries will need to be considered before an individual...
by Team Garnet | Feb 10, 2024 | ATO, Business Structures, Tax News
Do you earn PSI? While most people may think that it only applies to builders or tradies, the truth is that may also apply to any instance where individuals use their personal effort or skills. Personal Services Income (PSI) generally only applies to individuals that...
by Team Garnet | Feb 2, 2024 | Investments, Property
Foreign investors will soon be paying more for residential housing under a government plan to boost housing stock for Australians. In response to various media commentary and public sentiment that foreign investors are one of the most significant factors causing the...
