Aug 7, 2023 | 2023, Budget 23/24, Taxation
The ATO has been shifting its focus on taxpayers with outstanding tax lodgments and debts recently. Fin out how to avoid being penalised at the increased penalty rates in 2023–24. Announced as part of the 2023–24 Federal budget, increased funding has been provided to...
Jun 6, 2023 | 2023, Small Business, Taxation
As the current financial year draws to a close, it is time for businesses to consider thevarious tax planning options and strategies available to them. Below are examples of tax saving strategies available to small businesses: Temporary full expensing Temporary full...
May 12, 2023 | 2023, Investment Property
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous data matching programs, is that there is a tax gap of around $1 billion from incorrect...
Apr 28, 2023 | Small Business, Taxation
As the end of the financial year approaches, it’s essential to start thinking about tax planning strategies to minimise your tax burden and maximise your savings. By taking proactive steps to manage your taxes, you can keep more of your hard-earned money and...
Mar 31, 2023 | 2023, Taxation
KEY TAX DATES – APRIL/MAY 2023 It’s the end of March today! As we enter Q4, we have only 3 months to finalise tax planning for this year. Despite the need for tax planning, April and May are also critical months to ensure all your tax lodgments are complete to...
