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Workers classification for super guarantee (SG) purposes – key highlights for the 2023-24 tax year

Cynthia Voon 13 December 2024

We have observed a growing trend in ATO super guarantee compliance activities. As the workforce landscape continues to evolve, businesses face increasingly challenges in ensuring their contractual arrangements with workers are accurate for both income tax and SG purposes. This article outlines the key developments in the SG space relating to worker classification.

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Tax Issues When Expanding Overseas

Simon Calabria 21 November 2024

Navigating the issues when an Australian business is expanding overseas requires consideration of a broad range of Australian tax issues (as well as non–tax issues), and almost all of these equally apply whether the business is small or large. We touch on some of these tax issues from an Australian viewpoint.

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Payday Super – what will change?

Graeme Prowse 18 November 2024

The Federal Government committed in May 2024 to require super to be paid by employers for employees at the same time as the wages for those employees are paid. Whilst Payday Super is currently intended to start on 1 July 2026, we are starting to see what the changes might be.

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Maximum net asset value test: is the ATO’s stance on previously rented holiday homes justified?

Kay Kim 13 September 2024

The maximum net asset value test is designed as a snapshot taken just before the CGT event. A previously rented holiday home shouldn’t affect its exclusion status if it is being used solely for the owner’s personal use leading up to the relevant CGT event. However, the ATO holds a different view. This article examines whether the ATO’s stance warrants a reassessment.

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The importance of identifying the facts and circumstances

Simon Calabria 12 August 2024

Fundamental to any tax advice is the identification and clarification of the relevant, underlying facts and circumstances. Without doing so it is difficult to determine the tax implications applicable to those facts and circumstances. Also, even minor changes to such facts and circumstances may alter the tax implications.

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