The ATO is encouraging accountants to educate clients around varying PAYG instalments – this can potentially assist cashflow.

It’s been a particularly difficult 12 months for investors.

On 20 February 2023, Treasury released a consultation paper on legislating the purpose of superannuation. This is an idea that has been around since 2016 when the former Coalition government contemplated doing the same thing.

Are you one of the five million Australians who claim work from home deductions? If so, stricter record-keeping rules may now apply.

The 2022-23 federal Budget was handed down on 25 October. The confirmation of lucrative income tax cuts, and the scrapping of a tax offset for low- and middle-income earners were the big-ticket items.

Do you have your own business or are you thinking of starting one? If so, you may need to pay yourself superannuation depending on your business structure.

With many parts of Australia in the grip of a rental crisis, a significant number of tenants may be residing in the properties of friends and relatives.

The ATO Commissioner has just issued a warning to businesses on the importance of securing your au domain name!

With hundreds of thousands of directors yet to apply for their director identification number (director ID) ahead of the looming November deadline, a last-ditch public information campaign has been launched.

The Albanese Government has just launched a new awareness campaign to help company directors obtain their director ID as the 30 November deadline quickly approaches.

All existing directors of a company, registered Australian body, registered foreign company, or a director of corporate trustees of an SMSF are required to apply for a director identification number (director ID) by 30 November 2022…so act now!

If you are a director of an Aboriginal or Torres Strait Islander corporation (CATSI), you have an additional 12 months to apply to 30 November 2023.

Following a recent cyber-attack, Optus customers are advised they could be at risk of identity theft.

A recent Administrative Appeals Tribunal decision reminds us all that SMSF trustees (members) can be disqualified where serious breaches, be they advertent or inadvertent, of the super rules are committed.

You may be able to offset your business loss against other income (such as salary and wages) if you’re a sole trader or in a partnership