A Street Fight is what you are asking for when you put in a professional indemnity insurance claim. The insurance Company lawyers don’t care if you’ve made a genuine mistake. In fact they’re looking for you to make more mistakes when you are discussing your claim. So have a listen to this, those in white collar professional businesses, because if you go in blind you will be mauled by the lawyers.
Professional Indemnity Insurance
Other News
All the latest from our small business tax specialists.
Strategic Financial Advice
Aged care financial planning in Australia involves understanding fees, asset assessments and retirement strategies. Learn the common mistakes families make and how early planning can help manage aged care costs.
Strategic Financial Advice
Rising geopolitical tensions in the Middle East have pushed global oil prices higher. Here is what it could mean for petrol costs, inflation and Australian households.
Property
The ATO’s draft determination TD 2026/D1 clarifies how CGT applies to inherited homes in Australia. Learn how the main residence exemption works and what estates must consider to avoid unintended tax exposure.
SMSF
SMSF trustees in Australia must comply with the sole purpose test and arm’s length rules. Understand related party risks, ATO expectations and potential tax consequences.
Small BusinessTax
The ATO has clarified that limited home-based business use does not automatically qualify a property for small business CGT concessions. Understanding how the active asset test interacts with the main residence exemption is critical when selling your home in Australia.
Small Business
Director Penalty Notices allow the ATO to pursue directors personally for unpaid PAYG, GST and super. Understand the risks, deadlines and protective steps in Australia.