Intensified Scrutiny on Professional Services

Intensified Scrutiny on Professional Services

The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the Administrative Appeals Tribunal demonstrate how serious the Australian Taxation Office (ATO) is about making sure professional...
Upcoming Albanese Budget 24-25

Upcoming Albanese Budget 24-25

The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero. According to election guru Antony Green, the window for the next...
Revised stage 3 tax cuts confirmed for 1 July

Revised stage 3 tax cuts confirmed for 1 July

The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Before the new tax rates come into effect, check any salary sacrifice agreements to ensure that they will continue to produce the result you are after. Resident individuals...
Customer Lifetime Value: Why Does It Matter?

Customer Lifetime Value: Why Does It Matter?

Understanding Customer Lifetime Value for Your Business At TSP, we know that measuring customer lifetime value (CLV) is crucial for businesses to maximize profitability and growth. CLV represents the total revenue a customer will generate for your company over the...