News

Category: ATO matters

Data Matching & Reportable Income
People often think of the Australian Taxation Office (ATO) as the big bad wolf on...
WHY YOUR COST OF MANAGING TAX AFFAIRS DEDUCTION MATTERS
  On Sunday 26 June, just six days before the federal election, the ALP’s Shadow...
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...

Latest News

Official Statement – New ATO correspondence system
Optima Partners has recently introduced a new system to manage ATO correspondence for our registered...
How to set up a self-managed super fund (SMSF)
A self-managed super fund (SMSF) can provide flexibility, investment choice and potential tax benefits for...
Peak bodies declare support for removal of red tape
Federal Treasurer Jim Chalmers announced on September 24, 2025 that the government is looking at...
Succession planning: a comprehensive guide
Succession planning is a key component of a successful business strategy. It is a crucial...
Key Dates – October 2025
21 October: Lodge and pay September monthly activity statement. 28 October: Lodge and pay Q1,...
Debt enforcement, payday super headline ATO’s 2025-26 plan
The Australian Taxation Office (ATO) has released its 2025-26 corporate plan, outlining key priorities, challenges...
Official Statement – Phishing attempts
We are aware that some clients have recently been receiving fraudulent emails and phishing attempts...
Effective strategies for debtor management
Debtor management is a key component of long-term business success. Poor debtor management can quickly...
Choosing the Best Client Accounting Software for Your Business
Good client accounting software is essential for business growth and improvement. The right software will...
Key Dates – September 2025
September 21: Lodge and pay August monthly activity statement. September 30: Lodge PAYG withholding payment summary...