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This tax time, the ATO is cracking down on taxpayers not lodging their taxable payments annual report (TPAR) on time. It has recently issued more than …

Small businesses may be able to get a bonus 20% tax deduction for any business expenses and depreciating assets used to improve their digital …

Retirees who draw an account-based pension from their super need to be aware that the 50% reduction inthe minimum pension drawdown rate for …

As foreshadowed last year, the “buy now pay later” (BNPL) market will soon be facing more regulation. Assistant Treasurer Stephen Jones recently …

The cents per kilometre method is a simple way to work out how much you can deduct for car-related work or business expenses. Only individuals, …

The ATO has extended its motor vehicles data matching program once again to encompass the 2022–2023 to 2024–2025 financial years. For each financial …

Single Touch Payroll (STP) was introduced as a way for employers to send super and tax information directly to the ATO through the use of STP-enabled …

The government has announced that from 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and …

Continuing its theme of closing the tax gap of individuals for budget repair, the ATO has notified the public of the extension of an existing …

The ATO has reminded eligible small business taxpayers to take advantage of the lodgement penalty amnesty program announced in the recent 2023–2024 …

The Federal Government has warned of scammers targeting Australians ahead of tax time 2023. The number of scam reports received to date this year has …

As a new financial year gets underway, it’s time to start thinking about whether your tax planning is in order. Tax planning requires considering your …

Tax time 2023 is fast approaching and as with previous years, the ATO has provided some insights to the areas it will be focusing on consisting of …

Personal tax rates and offsets for 2023–2024 and beyond With no announced changes in the Federal Budget to personal tax rates and offsets for the …

As flagged earlier in the year when the announcement was made, the Federal Government recently released a consultation paper on its proposal to reduce …

Individual property investors should be aware that the ATO has announced a new data matching program that will obtain data from various financial …

With the increasing popularity and uptake of electric vehicles (EVs), the ATO has now released a draft compliance guideline which contains the …

Super to be paid on payday from 1 July 2026; more action to catch non-payers The Budget papers confirmed the Government’s intention to require all …

Have you got your tax sorted?  Tax time is just around the corner, so it’s time to start collecting all the documentation and information you …

Small business lodgment penalty amnesty The Government announced that a lodgment penalty amnesty program will be provided for small businesses with …

Small business instant asset write-off: $20,000 threshold for 2023–2024 The Government will temporarily increase the instant asset write-off threshold …

Personal tax rates unchanged for 2023–2024 In the Budget, the Government did not announce any personal tax rates changes. The Stage 3 tax changes …

The ATO has warned content creators that they need to be aware of their income tax and GST obligations. Tip: Examples of content creators are …

The Australian Securities and Investments Commission (ASIC) has released results of its recent review on improving arrangements for life insurance in …

The ATO has recently reported there is now $16 billion in lost and unclaimed super across Australia, and is urging Australians to check their MyGov …

Late in 2022, amendments to the tax law passed Parliament that, among other things, included a measure to allow the ATO to issue a “tax-records …

It’s FBT time again, and for the 2022–2023 FBT year it’s important to remember that your business may be able to get an exemption for certain eligible …

Families struggling with the current cost of living crisis could soon have some relief with cheaper child care coming mid-year. The recently passed …

In an attempt to repair the Federal Budget and lower the overall national debt, the government is seeking to introduce changes to the way …

In a bid to increase the accessibility and affordability of quality financial advice, the government had previously commissioned a report into …