News & Resources

Will 2024-25 be another year of volatility or a return to stability? Personal tax & super As you would be aware (at least we hope so after a $40m public…

The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. For you Opportunities Take…

There are many ways directors and shareholders can access private company money, such as through salary and wages, dividends, or complying Division 7A loans. Recently the ATO flagged that Division 7A…

Company money crackdown The ATO is cracking down on business owners who take money or use company resources for themselves. It’s common for business owners to utilise company resources for…

Warning on SMSF asset valuations The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation…

The Fringe Benefit Tax traps The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.   Electric vehicles causing…

Personal income tax cuts redesigned The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government…

Right now, business owners are feeling the impact of the current economic conditions. Interest rates are rising to slow down the economy and there are labour shortages across most sectors…

Download the Hamilton Taggart Personal Budget 2023 spreadsheet

No one can deny it has been a long challenging Autumn and winter period, unlike any we have experienced before in life or business. But, we have made it through…