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Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

Document Type

Publication

Pages

204

Published

November 20, 2024

Notes Online Home 2024 Tax Schools Day 1

This publication, as a whole, is available in HARDCOPY only.

These seminar notes cover the following topics:

  • What’s new for Individuals
  • ATO’s 2024 Danger Areas for Individuals
  • NEW TPB Developments for Tax Agents

Chapters and Articles in 2024 Tax Schools Day 1

NEW ATO guidelines for home office claims under the revised fixed-rate method

ATO finalises its electric vehicle home charging rate guidelines

ATO finalises its long-awaited ruling on claiming holding costs for vacant land

New Court ruling highlights the traps with travel claims for fly-in fly-out workers

ATO releases NEW ruling for claiming self-education expenses TR 2024/3

Tribunal clarifies tax treatment of lump sums paid from foreign super funds

The latest ATO guide to the tax treatment of financial advice fees and compensation

Update on the individual residency rules

Preparing clients for Stage 3 tax cuts

Government introduces NEW 15% tax for super balances exceeding $3 million

Claiming work-related expenses for an employee support workers and carers

Short-term holiday rental arrangments (e.g., Airbnb, Stayz, etc.) in the ATO’s firing line

Audit traps under the depreciation rules for motor vehicles from 1 July 2023

Common audit traps with applying CGT rules to backyard developments

Common audit traps with claiming personal super contributions at Item D12

The dangers for individuals who access super entitlements to make mortgage repayments

Preparing clients for the NEW annual tax and BAS agent TPB registration from 1 July 2024

NEW TPB obligations for tax practitioners when engaging with disqualified entities

NEW TPB obligations for tax practitioners when engaging with disqualified entities

NEW reporting obligations imposed on tax agents for inappropriate conduct