ATO watchlist for small business breaches
Pandemic-era leniency is a thing of the past and the regulator is warning small and medium enterprises (SMEs) it is keeping an eye on them. Information is now published quarterly…
Federal Budget 2025-26 Analysis
Treasurer aims to “rebuild living standards” Much of the 2025 Federal Budget was already known, after a volley of pre-election spruiking for votes. But Treasurer Jim Chalmers had one surprise…
The benefits of automating your personal finances
In today’s fast-paced world, where every minute counts, managing personal finances can feel like another tedious task. However, thanks to the rise of personal finance automation, managing these tasks, can…
Avoiding penalties on presents and parties
Christmas can be a tricky time when it comes to tax and there are lots of ways your business might land an unexpected tax bill. The staff Christmas party isn’t…
Tax update December 2024
GST focus remains, while community tip-offs increase Fraudulent claims for GST refunds continue to be a major focus for the ATO, with several new pilot programs announced to help small…
Selling your investment property? Watch out for tax
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. As with most investment assets,…
Succession planning – More than an exit strategy
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 a detailed succession plan in…
A Strategic Approach to Managing ATO Debt
If I could save you time, money and show you how to grow your wealth using smart finance would you be interested? As of 1 July, a significant change has…
Tax Update September 2024
New deductions and employer obligations Employers need to check that payroll systems reflect recent legislative changes, and the ATO is highlighting deduction opportunities available to some small businesses. Here’s your…
Which business structure is best?
A catchy business name, a trustworthy brand and an engaging website or social media presence are all vital to any small business. But don’t underestimate the effect of the business…