• Newsletter De Luca Partners – February 2020

    The bushfire season has highlighted the very central importance that volunteers play in Australia, but along with these essential roles there can also be tax outcomes to consider. We also sketch out the essentials to know about the First Home Super Saver scheme, succession planning for family businesses, and the possible tax offsets available in […]

  • Newsletter De Luca Partners – December 2019

    Sometimes small business owners pass up the at-times lucrative small business CGT concessions simply through not knowing that they are eligible to claim them. Answering a few basic questions can clear this up. We explain how the “personal property security register” can help manage the risk that comes with owning certain assets. We also take […]

  • Newsletter De Luca Partners – November 2019

    Sometimes, essential tax records are missing or even destroyed. But all is not lost, as there is a “plan B” that can be put into affect, so we run through the options to help your tax outcome. The investment strategy of any SMSF is not “set-and-forget”, and if not re-visited from time to time, could […]

  • Newsletter De Luca Partners – October 2019

    Deductible work-related expenses are always tempting to chase down, but to stay out of trouble with the ATO it’s always good to have fact sorted from fiction. We also look at the special CGT rules that apply when spouses have different residences. There’s an exemption from reporting obligations for employers for certain “personal security” fringe […]

  • Newsletter De Luca Partners – September 2019

    Property developers often feel the gaze of the ATO on their activities, so we look at what could be getting its attention. Still on residences, we look at some little known facts about the CGT exemption that generally, but not always, applies to inherited homes. Also dealt with is the tax that children’s savings accounts […]

  • Newsletter De Luca Partners – 2019-20 Rates & Thresholds

    The 2019-2020 Lodgement Rates and Thresholds newsletter helps to save you from searching endlessly to find the right tax rate or relevant threshold this tax time, with all the relevant information right here in one place. This guide inluces tax rates, offset limits and benchmarks, rebate levels, allowances, and essential super, as well as FBT […]

  • Newsletter De Luca Partners – August 2019

    Heading overseas for that trip of a lifetime? There could be a few simple steps you can take to ensure all is in order tax-wise, both while you’re away and after you return. We also look at trust distribution resolutions, whether your backyard projects are considered a business or a hobby by the taxman, and […]

  • Newsletter De Luca Partners – July 2019

    When a loan is paid out early, it can sometimes trigger a penalty interest charge. There are circumstances where this charge can be tax deductible, but also many instances where this is not the case. A new tax ruling teases out the likely outcomes. This new income year is the first where an amount of […]

  • Single Touch Payroll (STP) Mandatory from 1st July 2019 for Employers

    SINGLE TOUCH PAYROLL: NEW PAYROLL REPORTING REQUIREMENTS EFFECTIVE 1st JULY 2019 The ATO are changing the way employers report tax and super information to them. Therefore employers will need to start using what is referred to as “Single Touch Payroll”. Parliament has now passed legislation to extend Single Touch Payroll (STP) reporting to include all small […]

  • Newsletter De Luca Partners – June 2019

    With Tax Time 2019 just around the corner, we run over the sort of substantiation that the ATO expects for work-related deductions that taxpayers claim. We also look at Taxable Payments Annual Reports, and the new industries that these cover starting this year. Also this month we cover the ATO’s compliance actions that it is […]

  • Newsletter De Luca Partners – May 2019

    To claim a GST credit, a business is generally required to hold a valid tax invoice. However there can arise certain circumstances where an alternative document can be used. There have been changes made to the director penalty regime, which may mean tighter diligence is needed to stay out of trouble. We also run over […]

  • Newsletter De Luca Partners – April 2019 Federal Budget

    This year’s federal budget has a few sweeteners, which was to be expected with the next federal election only about a month away and the Coalition Government trying to make up ground in the polls. The welcome news is the forecast return to surplus for the 2019-20 fiscal year. Also note that proposed changes to […]