Blog categorized as Compliance

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.

With low-cost parcel deliveries to the US now facing tariffs, many international postal services have suspended deliveries to America. We’ve outlined four ways to overcome this issue.

A bill amending the Income Tax (Transitional Provisions) Act 1997 to extend the $20,000 instant asset write-off until 30 June 2026 has been introduced to parliament.

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.