Your Knowledge
Company money crackdown
The ATO is cracking down on business owners who take money or use company resources for themselves. It’s common for business owners to...
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Your Knowledge
Apr 122 min read
Non-compete clauses and worker restraints under review
A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities...
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Your Knowledge
Apr 122 min read
How much is my business worth?
For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement....
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Your Knowledge
Apr 122 min read
Budget 2024-25
The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected...
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Your Knowledge
Apr 122 min read
The assault on professional services
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the...
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Your Knowledge
Apr 125 min read
Warning on SMSF asset valuations
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self...
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Your Knowledge
Mar 124 min read
The Fringe Benefit Tax traps
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention. Electric...
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Your Knowledge
Mar 122 min read
The ATO Debt Dilemma
In 2023, the Australian National Audit Office advised the ATO that excluding debt from being offset was inconsistent with the law, regardles
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Your Knowledge
Mar 121 min read
Revised stage 3 tax cuts confirmed for 1 July
The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Before the new tax rates come into effect,...
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Your Knowledge
Mar 123 min read
How to take advantage of the 1 July super cap increase
From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change. The amount you...
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Your Knowledge
Mar 123 min read
Getting back what you put in: Loans to get a business started
It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive...
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Your Knowledge
Feb 83 min read
Stage 3 personal income tax cuts redesigned
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the...
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