Repairs or capital works? Getting your rental property deductions right
When you spend money on your rental property, not all expenses are treated the same for tax purposes. Some can be claimed straight away, while others need to be spread out over time. Getting this right is important to ensure you maximise your deductions and stay compliant.
Interest on ATO debts no longer deductible from 1 July
The general interest charge (GIC) and shortfall interest charge (SIC) imposed by the ATO will no longer be tax-deductible. This change will increase the overall cost of carrying a tax debt, making it more important than ever for you to stay on top of your obligations.
Budget 2025 – What it means for you
The Budget leans more toward political announcements than it does toward meaningful structural reform in tax, superannuation, or other major policy areas.
Australia’s $319 million year in scams – and the biggest hitters
In 2024, Australians reported losses exceeding $319 million due to various fraudulent activities and we have outlined the most prevalent scams from the past year and emerging threats to be vigilant about in 2025.
Cash Flow Management
In today’s dynamic business environment, effective cash flow management is essential for the sustained growth and resilience of small and medium enterprises (SMEs).
Cyber Hygiene
It is more important than ever to keep your business secure online. The best way to do this is by putting systems and processes in place to help reduce the risk of a cyberattack and planning your response if one does occur.
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Budget 2024
The 2024 federal budget was unveiled on Tuesday by treasurer Jim Chalmers. There were minimal changes or reforms to the taxation system, especially concerning small and medium-sized enterprises (SMEs).
Tax Planning 2024
As we navigate through the evolving landscape of taxation in Australia, it’s crucial to stay informed and proactive in managing your business’s tax affairs.
Avoid these common payroll errors
While navigating the complexities of payroll management, it’s crucial to be aware of common errors that can lead to compliance issues & financial penalties.