Blog categorized as Compliance

Confusing GST-free and input-taxed supplies is one of the most common BAS mistakes, and it directly affects whether GST credits can be claimed.

Running multiple related businesses can trigger payroll tax grouping, combining their wages against a single threshold even if each entity looks compliant on its own. This guide explains what triggers grouping, why it's often missed, and how to check your exposure across states.

The ATO rarely audits at random — it relies on benchmarking, data matching, and consistency checks to flag returns. This guide breaks down the most common audit triggers and the recordkeeping habits that keep your business defensible if you're selected.

Informal money movements between a company and its directors can accidentally trigger Division 7A, turning a simple withdrawal into taxable income at the director's personal rate. This guide explains what triggers it, how to structure a compliant loan, and why the fix depends on timing.

When was the last time you reviewed your cybersecurity precautions? We’ve highlighted five important ways to protect your company and customer data from malicious attacks.

From 1 July 2026, Australian employers must transition from calculating super on "Ordinary Time Earnings" to the new "Qualifying Earnings" (QE) standard.

From 1 July 2026, a new tax (Division 296) will be introduced to reduce concessional tax rates on superannuation earnings above $3 million. But how does Division 296 work, and are you affected?

From 1 July 2026, all Australian employers must pay superannuation contributions on the same day they pay salary and wages.

From 26 August 2026, small business employees in Australia will have the legal right to ignore work-related contact outside of their scheduled hours unless the refusal is deemed unreasonable.

Are you in the dark when it comes to sustainability reporting? ASIC’s new educational modules provide training for small businesses and their report preparers.

By focusing on data residency and basic cyber hygiene like MFA, small businesses can protect themselves from costly breaches while gaining a competitive advantage in a privacy-conscious market.

The ATO is cracking down on compliance. Here are five ways your small business can remain compliant and stay in the ATO’s good books.

The ATO regularly publishes focus areas for small businesses. One of the top areas where the ATO regularly sees errors is where a private company shareholder uses business money and assets for personal use or benefit, which can lead to Division 7A issues.

From 1 July 2026 Payday Super will be mandatory. Instead of quarterly super payments to employees’ funds, contributions will need to be paid at almost the same time as salary and wages. Read on for full details on what's required and what is changing.

While the standard financial year ends in June, the Fringe Benefits Tax (FBT) year actually ends on 31 March.

The ATO is providing additional support for new small businesses to ensure they understand and comply with their tax, superannuation and registry obligations

These five simple tax tips help small business owners stay organised, avoid surprises at tax time, and make smarter financial decisions.

ASIC’s surveillance for FY 2025–26 will concentrate on high-judgement reporting areas, including revenue recognition, asset valuations, and provisions. Businesses must ensure transparency, robust documentation, and early auditor engagement to stay compliant and avoid penalties.

Strong profits don’t always mean strong cash flow. By forecasting, managing debtors, and leveraging financing options wisely, businesses can maintain liquidity, seize growth opportunities, and stay resilient through challenges.

Strong profits don’t always mean strong cash flow. By forecasting, managing debtors, and leveraging financing options wisely, businesses can maintain liquidity, seize growth opportunities, and stay resilient through challenges.