Stay up to date with Fringe Benefits Tax (FBT) changes for 2025. Learn about FBT exemptions for electric vehicles, tax implications for employee benefits, record-keeping updates, and key compliance requirements for businesses.
How to make sure your super goes to the right place
Discover the complexities of superannuation death benefits and why delays in payout have become a growing issue. Learn how to ensure your super is paid out quickly and to the right beneficiaries after you die, and why making a valid nomination is crucial for your loved ones.
Will Australia ban credit card surcharges? Here’s what you need to know
Australia is considering banning credit card surcharges, following the lead of the UK and Europe. Learn about the push for change, the impact on businesses, and what consumers can expect in the future. Stay informed on the latest RBA review and what this could mean for your transactions.
How to wind up your SMSF properly and avoid costly pitfalls
Learn the essential steps for winding up your SMSF correctly. Avoid delays, errors, and costly mistakes by following the ATO’s process for a smooth wind-up.
Stop omitting income: how to correctly report contractor payments
Omitted contractor income could lead to ATO audits and penalties. Ensure your taxable payments are correctly reported in your tax return.
How to avoid ATO penalties for using business assets for personal use under Division 7A
Is your small business using company assets for personal expenses? Discover how to stay compliant with Division 7A and avoid ATO penalties.
Small businesses may be moved to monthly GST reporting – here’s what you need to know
From 1 April 2025, small businesses with a history of non-compliance may be moved from quarterly to monthly GST reporting. Learn how this change could impact your business and the benefits of monthly reporting.
Why the ATO is targeting babyboomer wealth
Is your business succession plan ATO-compliant? The ATO is scrutinizing wealthy Australians, especially those in the Top 500 and Next 5,000 programs, for tax risks in trusts, restructures, and asset transfers. Learn how to navigate these risks and avoid costly penalties.
Navigating NFP Self-Review Returns: Debunking the Most Common Myths
Not-for-profit (NFP) organisations must lodge an annual self-review return for income tax exemption. Bust common myths and stay compliant.
Super, FBT, PAYG & STP: Key 2025 Employer Deadlines You Need To Know
Employers, mark your calendars! The must-know tax and payroll deadlines for 2025 are here.
ATO Focus On Australian Beneficiaries Of Foreign Trusts
The ATO is targeting Australians receiving payments or assets from foreign trusts, reminding them to include these amounts in their assessable income under section 99B of the ITAA 1936. Ensure compliance by understanding when foreign trust distributions are taxable and how to report them properly.
ATO’s Latest Guidance on Division 7A: Myths vs. Reality
The ATO is highlighting common Division 7A mistakes, including misconceptions about company funds, loan repayments, and shareholder benefits. Misunderstanding these rules can lead to tax issues. Stay compliant by knowing the key Division 7A requirements and avoiding costly errors.