The budget includes several proposed changes that may affect small and medium businesses. The major measure that will impact on many businesses is the minimum trust distribution tax which you can read more about in our blog by clicking...
The proposed budget changes include two major reforms for investors: restrictions on negative gearing for residential property investors and changes to the capital gains tax rules. These measures are expected to apply from 1 July 2027, although some transitional...
Discretionary trusts have long been a common structure for family groups, investment holdings and small businesses. However, proposed changes from 1 July 2028 could significantly alter how trust distributions are taxed and how effective these structures remain. Under the...
Fraud targeting taxpayers and businesses continues to rise, with the Australian Taxation Office (ATO) a frequent point of attack. One of the most effective ways to protect yourself is by using a strong myID that is securely linked to...
From 1 July 2026, Australian employers will face a significant change in how superannuation is paid. Under the new “payday super” rules, compulsory superannuation contributions must be paid at the same time as employees’ wages, rather than quarterly. This...
We are pleased to announce the introduction of a new in-house compliance service offering for our clients. Every year the ATO and other government bodies target individuals, businesses & SMSFs for audits and reviews. If you, or one...
The Australian Taxation Office (ATO) is using sophisticated data-matching programs to cross-check your tax return against information from banks, employers, government agencies, digital platforms and more. If the numbers don’t match, expect follow-up questions — or even an audit....
With the 2025 Australian election approaching, both major parties have outlined different tax plans that could affect individuals and small business owners. Here’s a brief, overview of the key differences between Labor and the Liberal-National Coalition. Income Tax...
The Australian Taxation Office (ATO) charges interest – called the General Interest Charge (GIC) and a Shortfall Interest Charge (SIC) when tax payments are late. Until now, GIC and SIC have been tax-deductible, meaning you could claim them as...
