Articles

Many people getting their tax notice of assessment wonder why they see amounts for the Medicare levy and Medicare levy surcharge. Here’s how it works. …

If you’ve ever felt unsure about doing your tax online – or you’re helping someone who is – there are safe, simple ways to learn how it all works. The …

If you’re nearing retirement and looking for ways to boost your superannuation savings, downsizer super contributions might be the perfect solution …

Are you a small business owner planning to invest in new equipment or technology? The government is planning to extend the $20,000 instant asset …

If your business sells or buys vouchers, it’s essential to understand how to account for and report GST correctly. A voucher is a document or an …

If you’re receiving the Age Pension or other social security payments, you’ve likely heard about changes to “deeming rates” taking effect on 20 …

The end-of-year holiday period can be make or break for your business. Whether you’re gearing up for a rush or planning a shutdown, the key is early …

As an SMSF trustee, it’s your responsibility to ensure that all members receiving an account-based pension are paid their minimum pension amounts by …

If you’re considering investing your money or your super in line with your values, you’re certainly not alone. A growing number of Australians want …

If you’re a small business owner who’s been using the ATO’s Small Business Superannuation Clearing House (SBSCH) to pay your employees’ super, we’ve …

The Australian government’s promise to cut student loan debts by 20% has now become law. If you’re one of more than three million Australians who have …

Each new financial year, many of us take a closer look at our super funds’ performance, and you’re more likely to be targeted by salespeople, cold …

Since February 2023, the Australian government has been planning to introduce a new tax of 15% on a portion of “earnings” relating to total …

Effective 1 July 2025, businesses can no longer claim income tax deductions for interest charges imposed by the ATO on unpaid or underpaid tax …

If you run a small or medium business, you know that financial accuracy’s important but sometimes mistakes can happen or information can change. …

On 23 July, the Labor government introduced legislation aimed at enacting its election promise to reduce student debt by 20%. The Bill proposes to: …

Setting up your own self managed super fund (SMSF) can have its benefits, but it also comes with significant obligations. These include appointing …

If you’re one of the millions of Australians who use buy now pay later (BNPL) services, important changes are now in effect that will give you …

If retirement is on the horizon and you have a large amount of accrued leave, you may well be contemplating whether to take a big holiday now, or just …

In the wake of recent cyber-attacks on several large Australian super funds, you might be wondering how to protect your retirement savings. The past …

The way superannuation is paid may be about to undergo a significant transformation. The Labor government’s proposed “payday super” reforms would …

Music can be a powerful tool in creating the right atmosphere for your business. However, it’s important to understand that most music is legally …

Are you worried about rumours claiming your super preservation age will change from 1 June 2025? Take a deep breath – the ATO has confirmed these …

If someone close to you dies and you’re the one responsible for taking over their tax affairs, there are a number of steps you need to take to advise …

As a parent or guardian, it’s essential to understand how tax applies to your child’s money. If your child has a savings account or receives other …

In today’s sharing economy, platforms like Airbnb have made it easier than ever to earn extra income by renting out a spare room or your entire …

To be eligible to claim working from home (WFH) expenses, you need to be genuinely working from home to fulfil your employment duties, not just …

You may be starting out in business and trying to decide whether to become a sole trader or to set up a company. Alternatively, you may already be an …

If you’ve thought about upskilling or undertaking professional development this year, you may be able to claim some of your self-education expenses in …

Announced as part of the 2024–2025 Budget, and now legislated, the $20,000 instant asset write-off limit has been extended for a further 12 months …