ATO's new focus for small business The ATO is currently focusing on the following 'specific risk areas', where it is concerned "small...

How to master employer obligations in 2025 Taxpayers who employ staff should remember the following important dates and obligations:...

CGT withholding measures now law The Government recently passed legislation making changes to the foreign resident capital gains...

Hiring employees for the festive season As the festive season approaches, employers that hire new employees to help with their business...

Avoid a tax time shock Individual taxpayers can take the following steps right now to ensure the correct amount of tax is being put aside...

Taxpayers can start lodging their tax returns With millions of pieces of information now pre-filled (including information from most...

ATO's 'main residence exemption tips' The main residence exemption needs to be considered in a variety of situations when a taxpayer...

ATO's three focus areas this tax time The ATO will be taking a close look this 'tax time' at the following common errors made by...

Government warns of 'malicious' myGov scammers The Government has urged Australians to be vigilant regarding scammers who target ATO...

How to claim working from home expenses Taxpayers who have been working from home this financial year, and who consequently incurred...

Super contribution caps to rise The big news story for those contributing to super is that the contribution caps are set to increase from...

Government announces changes to proposed 'Stage 3' tax cuts Despite previous assurances, and after much speculation, the Government has...

ATO's lodgment penalty amnesty is about to end The ATO is remitting failure to lodge penalties for eligible small businesses. Businesses...

Taxpayers need to get their 'rental right' The ATO reminds rental property owners and their tax agents to take care when lodging their...

Appointing an SMSF auditor The ATO reminds SMSF trustees that they need to appoint an approved SMSF auditor for each income year, no...

Tax issues for businesses that have received a support payment Taxpayers who have received a government support grant or payment recently...

Claiming GST credits for employee expense reimbursements Employers may be entitled to claim GST input tax credits for payments they have...

2023/24 Budget Update On 9 May 2023, Treasurer Jim Chalmers handed down the 2023/24 Federal Budget. Some of the measures announced by the...

Last chance to claim deductions under temporary full expensing Deductions under ‘temporary full expensing’ are only available in the...

New 15% super tax to apply from 1 July 2025 The Government recently announced it will be imposing a 15% additional tax on individuals...