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Category: ATO matters

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!”...
THE PRICE OF CASH
The Australian Taxation Office (ATO) has had a crack-down on cash payments in the construction...
SELF-EDUCATION EXPENSES
Self-education expenses Self-education is one way of ensuring you keep up to date with developments...
TAXPAYERS OBLIGATIONS AND RIGHTS
The saying goes that there is nothing as certain as death and taxes, but that...
GOODS AND SERVICES TAX (GST) MARGIN SCHEME
If you sell property as part of your business, you may be eligible to use...
IS THERE A CASE FOR INCREASING THE GST?
Nobody likes a tax increase. Just the mention of a tax increase is likely to...
HOW WILL YOUR HECS-HELP LOAN AFFECT YOUR TAX RETURN?
Have you studied at university and applied for a HECS-HELP loan to help pay for...
WHAT ARE EMPLOYER OBLIGATIONS TO EMPLOYEES OR CONTRACTORS?
WHAT ARE EMPLOYER OBLIGATIONS TO EMPLOYEES OR CONTRACTORS? Often we see employers who don’t issue...
ARE YOU AN AUSTRALIAN RESIDENT ?
Australian Resident After spending several weeks of hard work and endless phone calls, getting a...
NO MORE ZONE TAX OFFSET FOR FIFO WORKERS
The 2015 financial year will be the last year in which “Fly-In-Fly-Out” or “Drive-In-Drive-Out” employees...
THE $20,000 INSTANT ASSET WRITE OFF – SHOULD IT BE AN OPTION FOR YOUR BUSINESS?
THE $20,000 INSTANT ASSET WRITE OFF This shouldn’t be news to any Small Business owners,...

Latest News

Buying an existing business in Australia
Buying an existing business in Australia can be an efficient and strategic path to ownership,...
Major changes announced to controversial super tax
Federal Treasurer Jim Chalmers has announced sweeping changes to the controversial Division 296 proposition. ...
Maintaining corporate compliance in Australia
Maintaining corporate compliance in Australia is a fundamental responsibility for every company director and business...
Key Dates – November 2025
21 November: Lodge and pay October monthly activity statement. 21 November: Due date for...
Payday Super: Deadline approaches for SMEs
The Federal Government’s long-awaited Payday Super reforms became official on November 4, following the Treasury...
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,...