NEWS

As of July, the ATO began sending letters to non-charitable not-for-profits (NFPs) to notify those organisations that the new NFP self-review return is ready to access and lodge.

If you manage a self-managed super fund (SMSF), recent changes to tax rules for certain fund expenses could affect you. These changes may even apply to services provided for free. If your fund [...]

If your business owns or leases a vehicle that is used for business purposes, it’s essential to keep proper records to ensure you’re entitled to the maximum deduction for your vehicle expenses.

The ATO has flagged inflated rental property claims as one of its primary focus areas for Tax Time 2024. According to the ATO, despite 86% of property owners using a registered tax agent, 9 out [...]

The new financial year has begun, and with it have come some important changes to superannuation from 1 July 2024. With these changes coming into effect, it's a good time to give your super a [...]

The ATO has flagged incorrectly claimed work-related expenses as a particular focus area for Tax Time 2024.

The digital currency landscape continues to be treacherous terrain for Self-Managed Super Fund (SMSF) trustees, with a growing number of reports indicating significant losses due to a variety of [...]

Hot on the heels of reports that a growing number of SMSFs are sustaining significant losses in crypto asset investments, the ATO has announced that it will be extending the current crypto asset [...]

On Tuesday 14 May 2024, Treasurer Jim Chalmers handed down the 2024-25 Federal Budget, his 3rd Budget. The major SME business tax-related measures announced in the Budget include the following.

The Australian Securities and Investments Commission (ASIC) has issued an urgent warning to consumers about a new wave of sophisticated scams involving fake bonds and term deposits. These scams [...]