Insights
Welcome to the Saab Partners blog, your one-stop source for the latest insights, trends, and expertise in the world of accounting and financial services. Join us as we navigate the ever-changing landscape of finance, empowering businesses and individuals through strategic partnerships and unparalleled expertise.
When trust distributions to a company are left unpaid
What happens when a trust appoints income to a private company beneficiary but does not actually make the payment?
Fixed-term employment contracts limited to 2 years
From 6 December 2023, employers can no longer employ an employee on a fixed-term contract that: is for 2 or more years, plus other criteria.
When is food GST-free?
Chobani plain yoghurt is GST-free but Chobani’s ‘flip’ range is taxable? A recent case shows how fine the line is between GST-free and taxable foods.
Warning: Redrawing investment property loans
The ATO estimates that incorrect reporting of investment property income & expenses is costing around $1 billion each year in forgone tax revenue.
$20k deduction for ‘electrifying’ your business
Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction!
The ‘Airbnb’ Tax
Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators.
30% tax on super earnings above $3m
Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on super balances above $3m from 15% to 30%.
Self-education: What can you claim?
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim.
Legislating the ‘objective’ of super
The proposed objective of superannuation released in recently released draft legislation has been announced.