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$25,000 ATO Tax Deduction Aussies Should Claim Now

$25,000 ATO Tax Deduction Aussies Should Claim Now

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....

Understanding Division 7A: What Business Owners Need to Know

Understanding Division 7A: What Business Owners Need to Know

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...

Tax and tinsel Q&As

Tax and tinsel Q&As

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...

How to Avoid Cyber Attacks as an SME

How to Avoid Cyber Attacks as an SME

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...

Don’t Fall for These Tax Traps During the Holidays

Don’t Fall for These Tax Traps During the Holidays

The ATO is clamping down on “Christmas claims” - business expenses during the holiday season - warns tax specialist Coco Hou. Hou states that it’s imperative for businesses to keep tax obligations in mind when they’re preparing Christmas gifts and parties for clients...

ATO to Target Uninformed Crypto Owners, Study Reveals

ATO to Target Uninformed Crypto Owners, Study Reveals

Australian cryptocurrency owners need to stay aware of their profits and understand if they incur tax obligations, experts warn. A recent University of Queensland study revealed that 1.5 million Australian cryptocurrency owners remain uncertain about the tax status of...

Australians Fed Up with ‘Dodgy Tax’, ATO Warns

Australians Fed Up with ‘Dodgy Tax’, ATO Warns

The Tax Office has disclosed that it has received 250,000 tip-offs regarding tax avoidance and dishonest behavior since July 2019. These reports have come from various sources, including businesses, customers, employees, family members, and community members,...

Payday super: the details

Payday super: the details

‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers. From 1 July 2026, employers will be obligated to pay superannuation guarantee (SG) on behalf of their...

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