News

Category: ATO matters

Tips to preparing your BAS (Business Activity Statement)
Taxpayers who are registered for GST must report their tax obligations to the ATO on...
EMPLOYER OBLIGATIONS
EMPLOYER OBLIGATIONS Employer obligations are an ongoing consideration for business owners and their employees –...
CRASH COURSE IN YEAR END TAX PLANNING
TAX PLANNING If you thought that estimating or predicting your tax bill ahead of time...
DOES THE SALE OF YOUR PROPERTY QUALIFY FOR THE CAPITAL GAINS TAX – MAIN RESIDENCE EXEMPTION?
MAIN RESIDENCE EXEMPTION Have you sold your home or looking at selling your home and...
NEGATIVE GEARING PART 2
Negative gearing Negative gearing has been called a lot of things in the media lately…...
HOLD YOUR HORSES – FRINGE BENEFITS TAX
FRINGE BENEFITS TAX If you’re thinking about buying a ute for your business, here’s what...
NEGATIVE LOGIC ON NEGATIVE GEARING & WORK RELATED DEDUCTIONS
NEGATIVE LOGIC ON NEGATIVE GEARING & WORK RELATED EXPENSES Negative gearing:  In accounting the matching principle...
THE $20 BILLION DOLLAR PROBLEM
Were you aware that Small Business owes 60% of the $20 billion currently owed to...
TURNING INCOME TAX INTO SUPERANNUATION SAVINGS
Well-informed employees can turn, what would have been an income tax liability, into extra super...
DEALING WITH THE ATO
The ATO was in the news again recently because of a serious flaw in their...
WORKING OUT YOUR TAX RESIDENCY
One of the very first questions you are asked on your tax return is:...
FAMILY HOME – CGT – TAMPERING WITH THE SACRED COW
 – FAMILY HOME – Capital Gains Tax (CGT) –  TAMPERING WITH THE SACRED COW “Moo!”...

Latest News

Succession planning in ATO spotlight
Wealthy privately-owned groups have seen an increase in unexpected tax consequences as the ATO firms...
Tax misinformation: CPA warns against AI and influencers
Taxpayers are increasingly turning to unreliable sources for tax advice as the 2024-25 financial year...
Key Dates – June 2025
June 5: Lodge 2024 tax returns for all entities that did not need to lodge...
ATO debt reaches $105b ahead of EOFY 2024-25
The ATO is currently owed over $105 billion in unpaid debt, Commissioner of Taxation Rob...
Cash flow crunch: SIC, GIC and super guarantee increase
Small and medium businesses could be facing a cash flow crunch in the wake of...
Planning for EOFY 2024-25
With the end of the 2024-25 financial year in sight, the time has come again...
2025 Federal Election: Key tax changes under Labor’s second term
The Australian Labor Party has declared victory in the 2025 Federal Election, establishing a second...
Sustainability reporting: ASIC urges SMEs to brace for impact
The Australian Securities and Investments Commission (ASIC) has reminded small and medium entities to be...
Key Dates: May 2025
15 May: Lodge 2024 tax returns for all entities that did not need to lodge...
Understanding business structures: tax, liability and asset protection
Your chosen business structure has massive implications for your tax liability, asset protection and cost....