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...
From the 2024 Financial Year, certain Not-for-profit entities will be required to lodge a NFP Self-review Return to determine their tax exempt status. Previously this has been self-assessed. The new requirements don’t apply to not for profits who are...
The government has announced changes to the stage 3 tax cuts set to take effect from 1 July 2024. Originally the benefits of the stage 3 tax cuts were weighted towards higher income earners but some of this saving...
There are a number of budget measures that small business owners need to be aware of, particularly if you are planning on purchasing new plant and equipment. Below is a summary of measures that impact on small business: Immediate...
