by Ashleigh | Jan 23, 2025 | Uncategorized
One major challenge that the Australian Taxation Office has pinpointed involves a $2 billion revenue gap related to Fringe Benefits Tax. This gap propelled the ATO to set an ambitious goal for 2025: to fill the broad gap with greater compliance. Poor compliance and...
by Ashleigh | Jan 14, 2025 | Uncategorized
Finance expert Ben Nash is urging Aussies to take urgent action on the looming deadline for a $25,000 tax deduction. The trick involves amounts that relate to superannuation contributions and could see the taxpayer save thousands of dollars off their tax bill....
by Ashleigh | Dec 27, 2024 | Uncategorized
As a business owner or shareholder, it’s important to understand how you can access company funds without triggering costly tax penalties. Division 7A of the Australian Taxation Office (ATO) rules ensures that certain payments or loans from private companies to...
by Ashleigh | Dec 18, 2024 | Uncategorized
The accountant is no longer a simple number cruncher; instead, today, the profession is one integral part of any business for the successful handling of the following challenges: Financial Management Regulatory Compliance Operational Challenges The role may range...
by Ashleigh | Dec 11, 2024 | Uncategorized
Can you avoid giving the Australian Tax Office a gift this Christmas? The top Christmas party questions What can I do to make the staff Christmas party tax deductible or tax-free? Not have one? Ok, seriously, it’s likely that you will pay tax one way or another; it’s...
by Ashleigh | Nov 13, 2024 | Uncategorized
Australian Small Business Minister Julie Collins has urged SMEs to report cyber attacks and to use all available government resources for recovery. She mentions how it’s not uncommon for SME owners to feel too embarrassed to report incidents, which leads to both...
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