FBT-free Electric Cars
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. Who can access the concession and how? Electric vehicles (EV) represent just under 2% of the new car market in Australia but it is a rapidly growing sector with a 62.3% jump in new EV registrations between 2020 and 2021. Making…
Can I claim my cryptocurrency losses?
The ATO has released updated information on claiming cryptocurrency (crypto) losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only reported in your tax return when you dispose of it – you sell it, convert it to fiat currency, exchange it for another type…
Appointment of Sen Mahendren as Principal at DAA
Today we are very pleased to announce the appointment of Sen as a Principal of DAA. Sen joined us in August 2012 after a 12 month graduate rotation programme in industry. After a three year stint in the Business Services team it was very apparent to us (and Sen) that his future lay in the…
Tax Time Targets
The ATO has flagged four priority areas this tax season where people are making mistakes. In general, there are three ‘golden rules’ when claiming tax deductions: You must have spent the money and not been reimbursed. If the expense is for a mix of work related (income producing) and private use, you can only claim…
What’s changing on 1 July 2022?
A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For business Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12% on 1 July…
ATO Ramps up Heat on Directors
Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored. The director penalty regime ensures that directors are personally liable…
DAA at The Big Meet Careers Expo
DAA will be at ‘The Big Meet Careers Expo‘ this Friday 25 March 2022. We look forward to chatting with undergrads and recent grads looking for genuine professional opportunity. Have a look at our Careers page for more opportunities at DAA.