tax-free

Adjusted taxable income explainer

  If your clients have ever or will ever apply for certain tax offsets or concessions or a government benefit of some kind, they may very well be asked to provide their “adjusted taxable income” (ATI). ATI is used to assess eligibility for certain offsets and other entitlements (typically items T4, T5 and T6 but

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Early CGT exemption when building or replacing a home

It is a widely recognised fact that capital gains tax (CGT) does not apply to a taxpayer’s main residence. What is less well known however is that the main residence CGT exemption can be extended to cover the time it takes to construct (or repair) that residence. In other words, a taxpayer has the option

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5 tips to a tax-free Christmas work party

Christmas will be here before we know it, and it is likely that better organised employers will already be thinking about their yuletide preparations. 5 tips to a tax-free Christmas work party. But while you should feel free to pop a champagne cork or three for your employees, make sure that you don’t get the

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