Super contribution caps to rise The big news story for those contributing to super is that the contribution caps are set to increase from...

Government announces changes to proposed 'Stage 3' tax cuts Despite previous assurances, and after much speculation, the Government has...

ATO's lodgment penalty amnesty is about to end The ATO is remitting failure to lodge penalties for eligible small businesses. Businesses...

Taxpayers need to get their 'rental right' The ATO reminds rental property owners and their tax agents to take care when lodging their...

Appointing an SMSF auditor The ATO reminds SMSF trustees that they need to appoint an approved SMSF auditor for each income year, no...

Tax issues for businesses that have received a support payment Taxpayers who have received a government support grant or payment recently...

Claiming GST credits for employee expense reimbursements Employers may be entitled to claim GST input tax credits for payments they have...

2023/24 Budget Update On 9 May 2023, Treasurer Jim Chalmers handed down the 2023/24 Federal Budget. Some of the measures announced by the...

Last chance to claim deductions under temporary full expensing Deductions under ‘temporary full expensing’ are only available in the...

New 15% super tax to apply from 1 July 2025 The Government recently announced it will be imposing a 15% additional tax on individuals...

Significant change to claiming working from home expenses Before 1 July 2022, an individual taxpayer that incurred additional deductible...

Super guarantee contributions for the December 2022 quarter A reminder to employers that their December 2022 superannuation guarantee...

ATO warning to SMSFs: "Paying the price for non-compliance" There are various courses of action available to the ATO when trustees of...

Director ID deadline is approaching The Government has launched an awareness campaign to help company directors get their director...

More COVID-19 business grants are now tax-free The Federal Government has expanded the list of State and Territory COVID-19 grant...

Banking business income to a private account The ATO has stated that it has "no concerns" with business owners banking their business...

Tax time focus on rental property income and deductions The ATO is focusing on four major concerns this tax season when it comes to...

ATO priorities this tax time The ATO has announced four key areas that it will be focusing on for Tax Time 2022: Record-keeping....

No reduction in the Private Health Insurance rebate as of 1 April 2022 An event that we have become accustomed to every 1 April, is that...

2022-2023 Budget Measures that are now law Low and Middle Income Tax Offset A measure that will no doubt be beneficial for individual...