Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year passed in Parliament.

As you would be aware (at least we hope so after a $40m public education campaign), the personal income tax cuts came into effect on 1 July

We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.

Generational succession - handing your business across to your kids or family - sounds simple enough but, many families end up in a...

The ATO is cracking down on business owners who take money or use company resources for themselves. It’s common for business owners to...

A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities...

For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement....

The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected...

The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the...

In 2023, the Australian National Audit Office advised the ATO that excluding debt from being offset was inconsistent with the law, regardles

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,...

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...