Blog categorized as Compliance

The ATO is clamping down on GIC remissions in 2025, so businesses must manage cash flow carefully and engage early to avoid costly interest charges.

The ATO’s September 2025 update highlights crucial lodgement deadlines and renewed compliance focus on rental deductions, gig income, cash, and GST. Businesses that act early and keep records clean will avoid penalties and stay ahead.

The ATO is tightening debt enforcement and compliance rules in 2025, making early engagement and strong record-keeping critical for small businesses and tax practitioners.

The ATO’s updated Tax Time toolkit is your 101 guide to business taxes. We’ve summarised the key resources you can find in this toolkit, with links to the ATO site.

Aiming to provide better retirement outcomes for employees, from 1 July 2026, employers will be required to pay their employees super at the same time as their salary and wages.

A Bill introduced in parliament is proposing changes that will reduce Higher Education Loan Program (HELP) and other student debts that were incurred on or before 1 June 2025.

If you’re incurring expenses as part of your job or self-employment, you can claim some of these expenses back and lower your overall income tax bill.

If you’ve recently started a business in Australia, understanding BAS (Business Activity Statement) is crucial to meeting your tax obligations and staying compliant with the ATO.

The new financial year has begun, which means it is now time to wrap up the 2024-25 financial year, here is a list of changes and rates that you will need to be aware of for your business in preparation for the 2024-25 tax return.

Effective delegation frees up time and boosts productivity by allowing others to take on tasks. Assessing the right person, providing clear instructions and setting timeframes results in enhanced team skills, better outcomes and higher productivity.

Your Cost of Sales (CoS) is a vital financial metric to understand. We’ve highlighted 5 important ways that CoS impacts on your operational efficiency and your financial health.

The ATO has released a draft guidance as an update on calculating home charging expenses to include plug-in hybrid vehicles (PHEV).

If you’re incurring expenses as part of your job or self-employment, you can claim some of these expenses back and lower your overall income tax bill.

The ATO has released new guidance around the application of Div 7A for guarantees and securities provided by interposed entities for third party loans.

Is the complexity of Australia’s Fair Work Act and industrial relations holding back Aussie small businesses? COSBOA has suggested a new blueprint to support small business.

Own an investment property? The ATO is undertaking a data-matching program with property management software providers to check if reporting obligations are being met.

Personal services businesses must remain aware of other tax obligations, such as steering clear of tax avoidance schemes. Find out what this means for you.

Eligible lump sum payments in arrears will get an exemption from Medicare levy from 1 July 2024.

The ATO has published a list of common errors found in rental property schedules. Ensure that you are not double dipping or you may need to lodge an amendment.

Investors in build-to-rent developments may benefit from an increase to the capital works deduction, in an effort to encourage investment and development in the build-to-rent sector.