Blog categorized as Compliance

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.

The period to revise income tax returns for small and medium businesses has been extended from 2 years to 4 years.

If you’re thinking about setting up a self-managed superannuation fund, here are five key areas to be aware of when managing your fund.

Given the high risk of payroll tax audits across the medical and allied health industry, organisations must understand and adapt to the changing payroll tax landscape.

The ATO has released a tax ruling intended to provide guidance as to how the Commissioner will apply the residency tests (s 6(1) ITAA 1936) for individuals under a modernised approach.

Operators of sharing economy platforms now required to report transactions to the ATO from 1 July 2023. If you operate in these platforms, such as ride share or short-term accommodation, make sure this information comes to us for your tax return.

The ‘right to disconnect’ became law for larger businesses in August 2024. But from August 2025, employers with less than 15 employees will also have to comply with the new rules.

Rental property information is being collected by the ATO in an effort to track down unreported income in tax returns. Ensure your items are fully substantiated.

It’s now a criminal offense to intentionally underpay your employees. Here’s the lowdown on the new Voluntary Small Business Wage Compliance Code and what it means for your business.

After securing a second term victory in the 2025 Federal election, the Labor government will be extending the $20,000 instant asset write-off for small businesses by 12 months, as proposed in their election campaign.

Payday super is due to begin in July 2026. Is your payroll process ready? We’ve outlined the key requirements and how payday super could impact your small business.

Tax deduction for ATO interest charged in relation to overdue tax debts and shortfall tax will no longer be deductible from 1 July 2025.

The newly re-elected Albanese Labor Government aims to simplify claiming work-related tax deductions and provide cost-of-living relief by introducing a $1,000 instant tax deduction from 2026-27 income year.

Australian Labor party (ALP) will form the government for a second consecutive term after winning the Federal election with majority seats. We have summarised for you, all tax measures proposed by the ALP throughout their federal election campaign.