Blog categorized as Compliance

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The ATO has released a draft guidance as an update on calculating home charging expenses to include plug-in hybrid vehicles (PHEV).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

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.