Richards Financial

News

A sack with budget written on it with a green arrow pointing up and a red arrow pointing down.
Mar 25, 2025

2025-26 Federal Budget

What Does It Mean for You

Australian Home
Mar 24, 2025

Top Tips to find the Best Home Loans in Sydney

Top Tips for First-Time Home Buyers

Australian Currency
Mar 19, 2025

Transition to Monthly GST Reporting: What You Need to Know

Electric Car Tax Benifits
Mar 14, 2025

FBT 2025: What you need to know

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

Wooden gavel on Australian flag
Feb 26, 2025

ATO loses Federal Court appeal on Division 7A and unpaid trust entitlements

The Full Federal Court today handed down its decision in Bendel & Anor v Commissioner of Taxation [2023] AATA 3074

Foreign Assets
Feb 13, 2025

Receiving payments or assets from foreign trusts

The ATO is focusing its attention on Australian residents who receive payments or assets from a foreign trust

Overseas worker
Dec 17, 2024

When overseas workers are Australian employees

The Fair Work Commission has determined that a Philippines based “independent contractor” was an employee unfairly dismissed by her Australian employer.

Christmas finance
Dec 09, 2024

WHAT MAKES OR BREAKS CHRISTMAS?

The cost of living has eased over the past year, but consumers are still under pressure. For business, planning is the key to managing Christmas volatility.

Jul 24, 2024

EARNED AN INCOME FROM THE SHARING ECONOMY?

It’s essential that any income earned from sharing economy platforms such as Airbnb, Stayz, Uber, etc., is declared in your tax return.

Jul 17, 2024

IS YOUR FAMILY HOME REALLY TAX FREE?

The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it.

Jul 10, 2024

$20K INSTANT ASSET WRITE-OFF PASSES PARLIAMENT

Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year passed Parliament just 5 days prior to the end of the financial year.

Jul 04, 2024

WHAT’S AHEAD FOR 2024-25?

WHAT’S AHEAD FOR 2024-25?

Jun 28, 2024

QUOTE OF THE MONTH

QUOTE OF THE MONTH

Jun 25, 2024

WHAT’S CHANGING ON 1 JULY 2024?

WHAT’S CHANGING ON 1 JULY 2024?

5 million+ struggle with mortgage payments
Jun 20, 2024

5 million+ struggle with mortgage payments

47% of Australian adults with debt - struggled to make repayments in the last 12 months

Jun 14, 2024

ATO FIRES WARNING SHOT ON TRUST DISTRIBUTIONS

The ATO has warned that it is looking closely at how trusts distribute income and to who.