News

It Wasn’t Me: The Tax Fraud Scam
Protect Your myGov Account: Tax Fraud on the Rise Imagine logging into your myGov account only to find that your activity statements have been amended

Is the Reserve Bank of Australia to Blame? The economic state of play
Understanding Australia’s Economic State of Play As interest rates remain high, political leaders and Australians alike are questioning the Reserve Bank of Australia’s (RBA) economic

August 2024 Tax Due Dates
Key Tax Due Dates for August As we navigate through August, it’s crucial for businesses and individuals to stay on top of their tax obligations.

August 2024 Essential Tax Summary
Key Changes and What They Mean for You As we progress through the financial year, it’s crucial to stay updated on the latest tax changes

The Rise in Business Bankruptcy
A Strategic Wake-Up Call for Australian Companies The latest data from the Australian Securities and Investments Commission (ASIC) paints a stark picture for businesses across

When Is a Gift Not a Gift?
Understanding Tax Implications in Australia In the complex world of taxation, the line between what constitutes a gift and what qualifies as assessable income can

Earned an income from the sharing economy?
Sharing Economy Income: What You Need to Know It’s essential that any income earned from sharing economy platforms such as Airbnb, Stayz, Uber, etc., is

What’s ahead for 2024-25?
Will 2024-25 be another year of volatility or a return to stability? Personal Tax & Superannuation From 1 July 2024, personal income tax cuts are

Is your family home really tax free?
The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s

$20k instant asset write-off passes Parliament
New Instant Asset Write-Off Threshold: Boosting Small Business Cashflow Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year

Company Money Crackdown – ATO Targeting Division 7A
ATO’s warning on common Division 7A mistakes The ATO is warning that a series of common mistakes are being made in relation to Division 7A,

The Essential 30 June Guide
Inside this month, the essential 30 June guide, the ATO’s warning shot on trust distributions, and what’s changing on 1 July 2024. The end of
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