Earned an income from the sharing economy?

It’s essential that any income earned from sharing economy platforms such as Airbnb, Stayz, Uber, etc., is declared in your tax return.

TaxationJPR BUSINESS GROUP5 July 2024sharing economy, uber, airbnb

$20k instant asset write-off passes Parliament

Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year passed Parliament just 5 days prior to the end of the financial year.

TaxationJPR BUSINESS GROUP5 July 2024instant tax write-off, Taxation

What’s ahead for 2024-25?

Will 2024-25 be another year of volatility or a return to stability?

Taxation, SuperannuationJPR BUSINESS GROUP2 July 2024Taxation, superanuation

Is your family home really tax free?

The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s never that simple.

TaxationJPR BUSINESS GROUP1 July 2024Taxation, family home