Common ATO Audit Triggers for Businesses
The ATO uses data matching, industry benchmarks and other risk indicators to identify businesses that may require closer review. Information reported in tax returns and Business Activity Statements […]
Steps to Close Your Business
If your business is no longer profitable and is unlikely to become profitable in the future, you may consider closing the business. Review your position Before closing, review […]
Have you received an unexpected ATO bill?
It seems you’re not alone with the above. In most cases this relates to a PAYG instalment notice the ATO have issued. So why did you receive this? […]
Paying into super to claim CGT reduction
If you have made a capital gain during the financial year, making a personal contribution to super can help reduce the tax payable on the capital gain. If […]
SMSF Property Borrowing: What the New LRBA Rules Mean for Trustees
Thinking about borrowing to invest in property through your SMSF? New rules affecting certain Limited Recourse Borrowing Arrangements (LRBAs) took effect from 10 August 2026, so now is […]
RBA Card Surcharge Ban: What Your Business Needs to Know
The Reserve Bank of Australia (RBA) has confirmed that card surcharges on eftpos, Mastercard, and Visa will be completely banned starting 1 October 2026. Following an extensive retail […]
Borrowing Money from Your Company? Read This First
If you borrow money from your private company or regularly take money out without recording it as wages or dividends, it’s important to understand the Division 7A rules. […]
Is Your Business Vehicle Creating an FBT Obligation?
A quick reminder—if your business owns a vehicle and it’s also used for personal trips (even occasionally), you may need to be registered for Fringe Benefits Tax (FBT). […]
AUSTRAC AML/CTF Compliance Reforms
AML (Australian Money Laundering)/CTF (Counter Terrorism Financing) Act was already being used by banks, casinos and bullion dealers. From 1 July 2026, AUSTRAC (Australian Transaction Reports and Analysis […]
Don’t Forget Your Notice Of Intent For Personal Super Contributions!
As we head into tax return season, we’d like to remind clients who have made personal (after-tax) super contributions there is an important step to complete if you […]