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June 2024 Essential Tax Summary
What did I miss? This month, the ATO has issued a warning on trust distributions, we explore the issues. Plus, this month, the House of

June 2024 Tax Due Dates
5 June Lodge tax return for all entities with a lodgment due date of 15 May 2024 if the tax return is not required earlier

The Price is Right: Budget 2024-25
The Treasurer is promising that inflation will decline by 0.75% as a direct result of the 2024-25 Federal Budget initiatives including energy relief for all

May 2024 Essential Tax Summary
What did I miss? This month, self-education deductions denied by the AAT for a dental technician studying to be a registered dentist and the

Do your kids really want to take over your business?
It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and

Should you be the ‘bank of Mum & Dad’?
The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst. The average price of a home in

How much is my business worth?
For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what

The assault on professional services practices
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the Administrative

How to take advantage of the 1 July super cap increase
From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change. The

April 2024 Tax Due Dates
21 April Lodge and pay quarter 3, 2023–24 PAYG instalment activity statement for head companies of consolidated groups. Lodge and pay March 2023 monthly business

April 2024 Essential Tax Summary
What did I miss? The ATO wields Part IVA against professional practices distribute profits in two new cases before the AAT. Professional practices have been

March 2024 Tax Due Dates
21 March Lodge and pay February 2024 monthly business activity statement. 31 March Lodge tax return for companies and super funds with total income of
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