Bramelle Partners Pty Ltd

We are hiring all year round!! With great perks from A to Z, including access to an employee share scheme and making funny videos 💸💰 After our strategy day in the Hunter Valley we are proud to formalise our culture and values statement in addition to establishing our unique employee rewards and benefits. You can check it out here: https://lnkd.in/dQGcETu5 Check out how cool it is to be part of our team! 🔥🔥 Want to know more? 👀 Drop us your CV here: https://lnkd.in/dP6J2P9K #BramellePartners #BramellePartnersTeam #Team #recruitmentt #accountants #accounting #accountinglikenowhereelse #joinourteam #wewantyou #SuperAccountants AccountantsDaily Chartered Accountants ANZ Events Australian Taxation Office

The digital currency landscape continues to be treacherous terrain for Self-Managed Super Fund (SMSF) trustees, with a growing number of reports indicating significant losses due to a variety of factors, including scams, theft, and collapsed trading platforms. The ATO is urging trustees to educate themselves on the potential pitfalls of crypto investing, including the fact that many crypto assets are not classified as financial products. This means that the platforms facilitating their trade often lack regulation, increasing the risk of loss without recourse. https://lnkd.in/gH_pss8T

The small business benchmarks used by the ATO for various purposes, including identifying business which may be avoiding their tax obligations has been updated for the 2021-22 income year. The benchmarks consist of 9 broad categories covering accommodation and food; building and construction trade services; education, training, recreation and support services; health care and personal services; manufacturing; professional, scientific and technical services; retail trade; transport, postal and warehousing; and other services. https://lnkd.in/gku6qsnV

With the chorus of voices advocating for changes to negative gearing growing stronger, how much is the measure really costing the nation? Part of this answer can be found in the Expenditures and Insights Statement released by the Treasury each year. While the figures contained in the statement are estimates on a “revenue forgone” basis which cannot be used as estimates of the revenue impact on the Federal Budget if the tax expenditure were to be removed, it is still useful to see the proportion of taxpayers utilising negative gearing. https://lnkd.in/gKDAkvNa

Let's celebrate all the amazing women and girls in our lives and continue to empower them by getting involved and advocating for women's rights and autonomy. Happy International Women's Day!

Following two prominent High Court decisions which dealt with the distinction between employees and independent contractors, the ATO has sought to provide guidance to businesses in the form of a Taxation Ruling. The most significant departure from its previous position is that the ATO now considers that various indicia of employment identified in case law, while relevant, should only be considered in respect of the legal rights and obligations between the parties, with the most important factor the holistic consideration of the contract between the parties. https://lnkd.in/dQsJgGEy

As 2024 is now here, the ATO has highlighted three areas of focus for businesses which will persist into the new year. These include steps to address cyber security and increased protection of personal data, addressing the growth in the collectable debt book particularly for small businesses, and improving overall tax performance and stamping out the shadow economy. The takeaway message for busines ses, especially small businesses, for the coming year is to be proactive and engaged with the ATO in terms of any unpaid tax or super debts and securing their data. https://lnkd.in/gju2ASMg

Remember temporary expensing, which allowed just about every business (unless annual turnover was at least $5 billion) to immediately write off the cost of an eligible depreciating asset? Well, that is no longer available. https://lnkd.in/eBzgFzKm

Accountants saving the world...........of trusts https://lnkd.in/g_u-etGZ