News

Human beings are often described as creatures of habit, but the truth is, behaviour change is hard. As busy people, making a change either means cramming something else into our days, or replacing something that we’re used to doing. Neither option is especially easy, but with...

Have you run a small business that has ceased or paused operations? Or perhaps you’ve been hired as an ABN contractor? The ATO is cleaning up the Australian Business Register and is on the lookout for people who may not be entitled to hold an...

Have you sorted out Single Touch Payroll (STP) arrangements for your small business? If not, it’s time to get cracking! From 1 July 2019, STP reporting will become mandatory for all employers, including small businesses (ie those with fewer than 20 employees) that have previously...

It is pleasing to see that the Australian government has made changes to the approach to small business taxation disputes with the Australian Taxation Office. The way the Australian taxation system works regarding disputes with the Australian Taxation Office (ATO) has been on a pay now...

Car expense claims are one of the most popular deductions claimed by individuals at tax time each year, but the ATO says not everyone gets it right. Make sure you know the basic rules for when and how you can make a claim. These rules apply...

Is your business planning to purchase new assets? Perhaps new tools, a vehicle or computer upgrade? If so, you may be able to take advantage of the Coalition’s expanded “instant asset write-off” incentive or other key measures in Budget 2019. This write-off is a tax...

Budget 2019 saw the major parties go head-to-head to ease the cost of living for low and middle-income earners. However, long-term tax policy is a major point of difference, with the Coalition’s plan to flatten tax rates and provide “incentives for working Australians” branded a...

The ATO benchmarks data is a useful tool for smart business owners. Learn how you can access these ATO benchmarks to judge your business’ performance against industry standards, identify your ATO audit risk and other tax compliance issues, and prompt new thinking about ways to...