by Teigan Amos | Apr 24, 2024 | Articles, Updates
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the Administrative Appeals Tribunal demonstrate how serious the Australian Taxation Office (ATO) is about making sure professional...
by Teigan Amos | Apr 24, 2024 | Articles, Updates
The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero. According to election guru Antony Green, the window for the next...
by Teigan Amos | Apr 24, 2024 | Articles, Updates
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these...
by Teigan Amos | Mar 26, 2024 | Articles, Updates
It’s not too late to claim the small business skills and training boost. If you are a small business owner and paying for your employees external training, you could be eligible to claim the skills and training boost. One of the key motivators for employee...
by Teigan Amos | Mar 26, 2024 | Articles, Updates
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 on its own. A recent case highlights the dangers of taking money out of a company without carefully considering the tax...
by Teigan Amos | Mar 26, 2024 | Articles, Updates
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 can contribute to superannuation will increase on 1 July 2024 from $27,500 to $30,000 for concessional super contributions...
