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Guide to Transitioning to Simplified Disclosure Reporting

Australian organisations face significant change for the 30 June 2022 reporting season, with the introduction of the Simplified Disclosure reporting framework and removal or the reporting entity concept for private for-profit entities.    

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Moore Australia has been short-listed for the Australian Accounting Awards 2022

Moore Australia is proud to announce it has been shortlisted for the Network of the Year category at the Australian Accounting Awards.

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Moore Australia client puts down ASX roots

Moore Australia congratulates client RLF Agtech for its successful listing on the Australian Stock Exchange (ASX) recently (ASX: RLF).Following an Initial Public Offering (IPO) of $8.5 million via the issue of 42.5 million shares at 20 cents a share, giving the Perth-based company an indicative market capitilisation of $36 million on the listing.

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QLD Business Basics Grant: Round 3 opens 4 May

The Queensland government's Business Basics Grants Program opens round 3 at 9am on Wednesday 4 May 2022. This program provides $5,000 funding to support businesses who want to increase core skills and adopt best practice across 5 priority areas including training and coaching, website build and upgrades, professional business advice, strategic marketing services and business continuity and succession.

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S100A and Trusts – what is the ATO concerned with?

Trusts are a popular structure for family businesses and groups because of its inherent asset protection, flexibility and ability to pass assets to future generations with limited tax consequences. Moore Australia tax experts discuss what the ATO is concerned with and upcoming changes. 

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2021-22 Federal Budget measures enacted and other updates

Over the last couple of weeks, various Bills have received Royal Assent and various measures which were announced in last year’s Federal Budget have now become law.

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Car Parking Fringe Benefits – changes to consider before 1 April 2022

The Australian Taxation Office (ATO) released a Taxation Ruling (TR) 2021/2 which considers when a parking station is considered a commercial car parking station for the purposes of Fringe Benefits Tax (FBT) provisions.

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Logbook Requirements

In most cases, having a valid car logbook is beneficial for both claiming a personal tax return deduction for work related travel cost using your own car, and calculating the taxable value of a car fringe benefit, when the car is provided by an employer.

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When does your hobby become your business?

From arts and crafts to jewellery design, photography, candle making, sewing, blogging and live streaming, we all have hobbies. Some of us are even prolific enough to sell the produce of our leisure time on dedicated platforms and make a few extra dollars, without thinking much of it… until it’s too late. Income is income, and it is important to know that your hobby dollars might need reporting to the Australian Taxation Office (ATO). The line between hobby and business is thin so be sure you make it your business to know where the difference lies.  

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Migration to Australia – Issues to Consider

If you are one of the thousands of Australians or New Zealanders stuck overseas, the news that Australian borders are reopening will have been a welcome relief.  Over the next months, countless ex-pats will contemplate either leaving Australia or New Zealand or returning home to the ANZ region. If you are among them, you should carefully consider the tax implication of your move.    In this two-part series, our tax experts explore how your finances could be impacted by a move to -or from- Down Under.  

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Tax Residency Issues to Consider for Departing or Returning Expats

If you are one of the thousands of Australians or New Zealanders stuck overseas, the news that Australian borders are reopening will have been a welcome relief.  Over the next months, countless ex-pats will contemplate either leaving Australia or New Zealand or returning home to the ANZ region. If you are among them, you should carefully consider the tax implication of your move.    In this two-part series, our tax experts explore how your finances could be impacted by a move to -or from- Down Under.  

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Ark Mines relist on ASX with $4.7M IPO

Moore Australia congratulates client Ark Mines Ltd , for its successful re-listing on the Australian Stock Exchange (ASX).