The Australian Taxation Office (ATO) has reversed its decision to stop accepting credit card payments for tax obligations from 1 December 2026, following significant criticism from small business […]
If you’re engaged as a musician, entertainer, sportsperson, filmmaker, or a performer, then you are eligible to be paid the super guarantee (SG). If you engage one of […]
The Federal Government’s controversial proposal to reduce private health insurance rebates for Australians aged 65 and over has suffered a significant setback, following opposition in the Senate. The […]
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 […]
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 […]
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? […]
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 […]
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 […]
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 […]
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. […]