News

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

March 2024 Essential Tax Summary
What did I miss? The revised Stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. While some games

The Fringe Benefit Tax traps
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention. Electric vehicles causing sparks

Getting Back What You Put In: Loans to Get a Business Started
It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it

Stage 3 Personal Income Tax Cuts Redesigned
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government.

The Problem When the Evidence Doesn’t Match What the Taxpayer Tells the ATO
A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax position you are taking. The

February 2024 Tax Due Dates
21 February Lodge and pay December 2023 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and

February 2024 Essential Tax Summary
What did I miss? As many suspected, the legislated Stage 3 tax cuts will be redesigned under a proposal announced by the Government. However, likely
Subscribe to our Newsletter
Stay up to date with our latest news, receive exclusive resources, and more.
Liability limited by a scheme approved under Professional Standards Legislation.