Tax lawyer flags compliance traps with family trusts
Accountants have been warned about family trust issues that can lead to unexpected tax bills for clients, with the ATO scrutinising this area.
Beware the early lodgment tax trap, CPA Australia warns
Rushing to lodge tax returns on time is likely to be one of the “biggest and most common” mistakes made by taxpayers this year, according to CPA Australia.
Benchmarks for small business
One gap when owning and operating a small business is to get a feel for how you are doing compared to your peers. The ATO realises the importance of this and have developed a list of benchmarks to help.
6 ways to improve your business plan
All businesses need a business plan, not just new businesses.
ATO – Targeted Areas of Focus 2024-25
Key risk areas the ATO intends to focus on for Private Wealth in 2024–25.
Freshwater Resources by Country 2025
Check out the largest freshwater resources by Country in the World
How secure is your super account?
The past few years have seen significant data breaches from well-known Australian companies both inside and outside of the superannuation sector, exposing a huge amount of consumer personal identity information.
Upskilling and self-education costs
The expenses need to have a sufficient connection to your current employment income in order to make a claim.
Buy a business
What you need to know about the risks and benefits of buying an existing business or franchise.
Depreciation expert urges property investors to leverage tax depreciation
Seventy per cent of people are not maximising the tax depreciation opportunities on their investment properties, a depreciation expert has said.