The New Lifetime Director IDs

Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.…

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Temporary full expensing extension

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Date of effectAssets acquired from 7:30pm AEDT on 6 October 2020 and first used or installed ready for use by 30 June 2023 Businesses with an aggregated turnover of less…

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Tax exemption for ‘granny flat’ arrangements

To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement. Typically, granny flat arrangements occur when…

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