Small Business · The In’s and Out’s of PAYG We have many clients asking us, what is PAYG, why do I need to pay the ATO upfront and how…
Tax · Professional Services Firm Profits Guidance Finalised The Australian Taxation Office’s finalised position on the allocation of profits from professional firms starts on 1 July 2022.
Small Business · Understanding Your Profit & Loss and Balance Sheet Statements As a business owner it’s crucial that you keep track of your finances. You don’t need to be an expert…
Small Business · Update on Temporary Full Expensing – Will It Affect Your Business? Temporary full expensing (‘TFE’) provides support for businesses, and it encourages investments. Is your business eligible to claim an immediate…
Tax · The ‘Backpacker Tax’ and the High Court The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact.
Tax · If Santa was an Australian tax resident A lighter look at the complexity of Australian taxation laws and the year that has been.
Small Business · ATO reminder regarding inactive ABNs The ATO has advised that inactive Australian Business Number’s may soon be automatically cancelled in a current review. Those who…
Tax · Overseas gifts and loans in the spotlight The ATO has recently issued an alert on gifts or loans from overseas. The ATO is particularly concerned about schemes…
Cryptocurrency · Tax and the Normalisation of Cryptocurrency In early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the ability to…
Small Business · How Do I Declare My Income As An Influencer? As an Influencer, it’s important that you declare your assessable income from all sources that it has obtained from which…
Blog · Lock-downs: What help is available The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and…
Small Business · ATO chases $172bn in undeclared contractor income The ATO has urged businesses to come clean on $172 billion worth of payments to contractors as it gets tough…