EOFY 2023 – Trusts
Trusts are largely unchanged, but the ATO has indicated that they will be looking to ensure that the people actually receiving the money from a trust are the people paying tax on that money –
EOFY 2023 – Companies
Companies have some specific rules that only apply to them – both commercially and from a tax point of view. This article focuses on changes and tips that apply only to companies. For more general
EOFY 2023 – Businesses
Tax Laws (and associated Laws) are changing constantly, which makes it difficult for small business owners in particular to keep track of everything they need to know. Complying with the rules is hard enough, let
EOFY 2023 – Individuals
Individuals always go through the most amount of changes when it comes to tax Law and associated rules. Many of these are subtle (such as minor changes to rates and thresholds), and some that are
EOFY 2023 – Tax Planning
We all want to pay as little tax as possible, but it doesn’t happen by accident As we get close to the end of the financial year, it’s usually the perfect time to take stock
2023 Victorian State Budget
NOT YET LEGISLATED It is important to note that any announcements made by the Government are not guaranteed to become Law. These announcements need to pass Parliament first, and it’s possible that the Government may
2023 Federal Budget
NOT YET LEGISLATED It is important to note that any announcements made by the Government are not guaranteed to become Law. These announcements must pass Parliament first, and the Government may need to alter their
STP v2 & Increased ATO Audits
Action Points If you employ staff, you need to ensure that you are complying with “version 2” of Single Touch Payroll. This will involve updating the settings in your payroll software. Warning With the ATO
ATO Crackdown on Contractors and Superannuation
Action Points If you engage contractors, DO NOT IGNORE THIS POST. The ATO are keen to ensure all contractors that should be getting paid superannuation, are getting superannuation, and you may be up for claims