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ATO issues warning to directors of companies with outstanding tax debts
It has been reported that this week, the ATO has sent around 50,000 letters to directors of companies with outstanding... read more
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2022/23 Federal Budget Report
On 29 March 2022, the Federal Treasurer released the 2022/23 Federal Budget. In a Federal Election year and with an... read more
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Tax Bites: Extracting Funds from a Company
It is not uncommon for funds to be locked-up in a company. These may have been generated over many years... read more
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Salary Packaging Opportunities For Not-For-Profit Entities
Registered charities and certain not-for-profit entities are granted an FBT rebate of 47% (meaning that their FBT rate is effectively... read more
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2022 Small Business Support Program
Further to our release in February, the details of the 2022 Small Business Support Program has been released. To be... read more
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ATO issues rulings that may significantly impact trust distribution strategies
On 22 February 2022, the ATO released several rulings that will no doubt impact the way in which trusts seek... read more
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Update on available COVID Business Grants
While lockdowns have generally ended around the country, most businesses are still impacted by COVID in one way or the... read more
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ATO releases final ruling on allocation of professional firm profit
On 17 December 2021, the ATO released PCG 2021/4 which outlines its view on allocating risk profiles to practitioners of... read more
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FBT and the 2021/22 Festive Season
With the 2021/22 festive season nearing, it is once again worthwhile having a refresher of the Fringe Benefits Tax (FBT)... read more
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The threat cybercrime poses to your finances (and four ways to protect yourself)
In 2019 individuals and organisations in Australia lost over $630 million to online scams, according to the Australian Competition and... read more