News

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,

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

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 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

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

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

The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst.   The average price of a home in

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

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

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