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The ATO's updated small business benchmarking tool
The ATO’s updated small business benchmarking tool lets you compare your business performance and spot improvement areas. Stay informed and reduce ATO scrutiny.
... read moreATO Scam Alert for myID
Learn how to protect yourself with this ATO Scam Alert for myID. Identify scam tactics, safeguard personal info, and stay safe in 2024.
... read moreWhen is a gift not a gift?
The distinction between gift or income is crucial in tax law. This article explores a case where the ATO deemed $1.6m in deposits as taxable income, not gifts or loans.
... read more2024 Tax Cuts: Revised stage 3 tax cuts confirmed for 1st July
The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024.
... read moreHave You Received a Business Support Grant?
As a small business owner, it is possible that you may have recently received a grant to support your business during difficult times.
... read moreWhy is my refund less than expected?
As part of the ATO’s response to COVID-19 and other natural disasters, they paused the recovery of debts, including offsetting credits and refunds to debts on hold to support economic recovery.
... read moreHas your business been impacted by floods?
If you’re a small business or an individual in an Australian Government Disaster Recovery Payment declared local government area, you can request deferral on your lodgment due date. If you need help, contact the ATO to discuss your circumstances.
... read moreBanking your business income to a private account?
The ATO have no concerns with business owners banking their business takings or other sales in private accounts, however, this can become a major problem for your bookkeeper!
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