Insights

New year, new rules: ATO’s 2025 focus areas for small businesses The Australian Taxation Office has kicked off 2025 by announcing its major areas of

The Tax Office is actively targeting SMSF trustees over a range of super breaches. Home ownership is still the great Australian dream for many people. Australia’s

Holidays and gift giving can leave you a little short of cash so it might be cheering to learn that billions of dollars is being

Potentially dodgy tax schemes are being promoted online and offered to people when they least expect it. Individuals and businesses need to be wary of

Protecting income from unexpected illness and injury is particularly important to anyone with a mortgage to service, small business owners and self-employed people with no

When to declare investment income You must declare income you earn from investments and assets in your tax return. Investment income may include amounts from

Preparing for the Fringe Benefits Tax (FBT) year-end is never a walk in the park and, with the ATO now using increasingly sophisticated data matching

Although the day may be a long way off, when it comes to exiting your business, the golden rule is to start planning early. With

If you are considering disposing of a property, it’s important to understand the implications so that there are no surprises when your tax bill arrives.

Which records to keep for your property so you can work out CGT when you sell it. Property records you should keep For your property,

Cutting costs is arguably the quickest and easiest way to improve the profitability of your business. Introducing a cost-control system can bring immediate savings and

Incorrectly charged GST Excess GST is when you incorrectly treat something as taxable and include GST for it in your business activity statement (BAS). This