2025 Federal Budget
Treasurer Jim Chalmers has delivered the Labor Government’s 2025-2026 Federal Budget headlined by fresh tax cuts and other cost-of-living relief. The measures have sent the Budget back into […]
News
Common GST Coding Mistakes
Some businesses are making simple mistakes reporting their GST. The key is to be aware of common issues so you can avoid them. Here are the top mistakes […]
SMSF updates
Recent changes to the rules governing Self-Managed Superannuation Funds (SMSFs) are considerably altering the framework for trustees, investors, and SMSF members. These adjustments are designed to enhance the […]
Changes, Changes, Changes
As of 7 November 2024 the ATO have advised that they have changed how they handle General Interest Charges (GIC) remission requests making it harder & more time […]
Lost Super
According to the ATO, there is currently a staggering $17.8 billion in lost super! Could any of it belong to you? Wouldn’t it be a pleasant surprise to […]
ATO Clearance Certificate Updates
There has been a change in Foreign resident capital gains withholding (FRCGW) rules are starting from 1 st of January 2025. Previously, Australian residents selling a property needed […]
Not For Profit (NFP) Self-Review Return
From the 2023-24 income years onwards Not-For-Profit (NFP) organisations with an active Australian business number (ABN) who self-assess as income tax exempt must lodge an annual NFP self-review […]
Making theft legal between 2003 and 2025
As you would have heard, the Government had a rush on trying to pass 40 Bills in Parliament yesterday at its last sitting for the 2024 year. One […]
The $3 Million Super Tax
Key points The new tax is still subject to legislative passage with a stated start date of 1 July 2025 It will mean an additional tax of 15% […]
Sick leave – you thought it was simple?
Whether you’re an employee or an employer, staff leave entitlements can be a minefield. The Basics – Full-time and part-time employees can take paid sick leave if they […]