Are You Accurately Reporting Cash Income? The ATO Is Watching
Cash flow is the lifeblood of any small business. And for many businesses — particularly in hospitality, trades and personal services — that includes a mix of card and cash payments. From… Read More
Do You Need to Lodge an FBT Return This Year?
The fringe benefits tax year runs from 1 April to 31 March — and if your business provided any non-cash benefits to employees or their family members during that period, an FBT… Read More
Forgotten Digital Assets Are Still Important At Tax Time!
In today’s digital world, people are accumulating assets in more forms than ever. Some are obvious, such as shares or property, while others exist quietly online and are often forgotten until tax… Read More
Keeping FBT Simple: What Employers Need To Know This FBT Season
Fringe Benefits Tax (FBT) is a tax that applies to most non-cash benefits provided to employees in addition to their salary or wages. For employers, understanding FBT is essential to stay compliant,… Read More
Back To Business: Key Tax Obligations To Stay On Top Of After The Holiday Break
After a proper break, getting back into business mode can feel tough. January can feel like one long Monday, making your vacation seem further away by the day. But for businesses, it’s… Read More
FBT and Christmas Parties: What Businesses Need to Know This Festive Season
As the year winds down, many businesses are preparing to celebrate with end-of-year parties, staff gifts, and client events. While these celebrations are a great way to recognise your team’s hard work,… Read More
What Incurs An Audit From The ATO?
No one enjoys the idea of an Australian Taxation Office (ATO) audit, but it’s a reality that both individuals and businesses should be prepared for. The good news is that most audits… Read More
Running A Business From Home? Do You Know Your Eligible Tax Deductions?
If you run your business from home, you’re not alone—and you may be entitled to valuable tax deductions. The ATO allows deductions for the portion of your home expenses that relate directly… Read More
Selling Your Rental Property: What You Need to Know About Capital Gains Tax
If you’re thinking about selling your rental property, one of the most important things to prepare for is Capital Gains Tax (CGT). Many property investors underestimate how significant CGT can be—but with… Read More
Apportioning Rental Interest Expenses – Getting It Right for Tax Time
If you own a rental property, there’s a good chance you’re claiming interest expenses as part of your tax deductions. It’s one of the most common (and often one of the largest)… Read More
Maximising Rental Property Deductions: What You Can (and Can’t) Claim
Owning a rental property can be a great way to build wealth, but it also comes with a range of tax responsibilities. As a landlord, understanding what you can and can’t claim… Read More
Tax Deductions to Know for 2024–2025: A Guide for Individuals Preparing Their Return
As the 2025-26 financial year kicks off and the 2024-25 ends, it heralds the start of another tax season of receipt-chasing, deductions and paperwork. Whether you’re lodging your return early or waiting… Read More
New Car Thresholds from 1 July: What Small Business Owners Should Know
If you’re considering purchasing a vehicle for your business, it’s important to be aware of the updated car thresholds taking effect from 1 July 2025. Each financial year, the Australian Taxation Office… Read More
Tax Concerns When Managing an NDIS Budget
Self-managing your National Disability Insurance Scheme (NDIS) budget can give you more control and flexibility. However, it also comes with important tax responsibilities – especially if you’re hiring support workers directly or… Read More
Proactive Tax Planning Starts With You
As the end of the financial year (EOFY) approaches, now is the perfect time to check in with your accountant and make sure your finances are in good shape before 30 June. … Read More
