News

Category: ATO matters

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...
WORKING OUT YOUR TAX RESIDENCY
One of the very first questions you are asked on your tax return is:...

Latest News

SMSF property investment: A comprehensive guide
For many investors, a popular way to invest directly in residential or commercial property is...
Super tax still on the table after first parliament session
The first sitting fortnight of the 48th Federal Parliament shed little light on the fate...
Capital gains tax in Australia: what you need to know before you sell assets
Capital gains tax (CGT) in Australia applies when you sell certain assets. Understanding the consequence...
Key Dates – August 2025
August 11: Q4 (April–June) activity statements lodged electronically – final date for lodgement and payment....
Small business tax deductions in Australia: what you can and can’t claim
The small business sector is the backbone of the Australian economy, representing over 95% of...
Important changes for FY 2025-26
Recent tax changes will affect how businesses manage cash flow, debt and compliance obligations. In...
Key Dates – July 2025
July 1: Beginning of 2025-26 financial year. July 21: Lodgement and payment of June 2025...
ATO third-party data collection: implications for taxpayers
As the Australian Taxation Office (ATO) expands its use of data-matching technology, businesses and individuals...
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...