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The ATO’s draft tax guidance on crypto airdrops & wrapping

03/09/2026

The Australian Taxation Office (ATO) has released Draft Taxation Ruling TR 2026/D1 and Draft Taxation Determination TD 2026/D2, setting out its preliminary views on the income tax treatment of crypto asset airdrops and the capital gains tax (CGT) consequences of wrapping and unwrapping crypto assets. The draft guidance may affect crypto asset businesses, investors, and […]

Private groups – ATO identifies key focus areas for FY25 & FY26

23/10/2025

On 22 September the Australian Tax Office (ATO) published the key compliance focus areas it will be targeting when reviewing privately owned and wealthy groups for the 2025 and 2026 financial years. The ATO has signalled increased scrutiny across governance, trusts, CGT concessions, and more. The ATO’s aim, in publicising its programs and focus areas, […]

Janelle McPhee, Partner

12/07/2023

I have more than 25 years of experience providing tax and accounting services to the SME market, specialising in outsourced bookkeeping, CFO, and payroll services. My clients operate across a range of sectors, including education, IT, professional services, wholesale importing, property development and investment, and not-for-profit organisations. I have demonstrated expertise in delivering high-quality outsourcing […]

Major international tax reform with OECD Two-Pillar approach

10/05/2023

With increased globalisation and digitalisation creating growing concern about tax avoidance by multinationals, the OECD Two-Pillar approach aims to address international corporate tax challenges. In the 2023-24 Budget, the Government announced the implementation of a 15 per cent global minimum tax and domestic minimum tax, key aspects of Pillar Two of the OECD/G20 Two-Pillar Solution […]

Australian Treasury denies SGEs deductions for payment relating to intangibles

05/05/2023

Exposure Draft Bill released by Australian Treasury denying SGEs deductions for payments attributed to intangible assets in low tax jurisdictions. The Exposure Draft Bill (the draft Bill), released on 31 March 2023, proposes a new anti-avoidance rule to deny deductions for payments attributed to intangible assets located in low corporate tax jurisdictions. Significantly, the changes […]

ATO targets Division 7A avoidance scheme

15/02/2023

On 8 February 2023, the ATO released a new Taxpayer Alert sounding a warning to taxpayers seeking to access private company profits tax free via a scheme involving the interposition of a holding company to access company profits tax free. The Taxpayer Alert notes that participants in, and promoters of these types of arrangements, may […]

Employee Share Schemes: Deductibility of expenses

08/03/2022

While draft ATO determination rules out immediate tax deductions for fees incurred to establish an employee share scheme, ongoing associated expenses may remain deductible. On 23 February 2022, the Commissioner released Draft Determination TD 2022/D2, addressing the deductibility of expenses incurred when establishing and administering an Employee Share Scheme (ESS). The Commissioner has stated expenses […]

Business advisory

17/02/2022

Our experienced team work closely with business owners, management teams, directors and boards to provide practical support for your growth and success. Sustaining or expanding a successful business requires a relationship with a trusted advisor. In real terms, we know that you want someone that you can have the challenging conversations with in relation to […]

Tax for Private Business

09/02/2022

Our experts provide exceptional tax services to SMEs and private business, working hand in hand with you to provide guidance, advice, tax and compliance services. Managing tax detail and compliance can be overwhelming, especially for small and medium-sized and even larger private businesses. From cloud migration to strategice planning, international business to tax and accounting […]

Tax for Corporates

29/11/2021

We have a highly skilled specialist tax team working with multinational corporations and Australian subsidiaries of overseas companies, as well as Australian and Asia Pacific firms across the wholesale sector. Navigating the detail of tax can be a daunting task for businesses and finance teams, particularly for companies with complex transactions, structures and workforces. We’ll […]