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Taxpayers can choose one of two methods when claiming working from home deductions – either the “actual cost” or “fixed rate” method. Only the fixed rate method is changing. Following…

​Work expenses, omitted income and rental property claims have been identified as primary targets by the ATO to narrow the $8 billion gap between what individuals pay in tax and…

​The Australian Taxation Office (ATO) have revealed the industries they are watching carefully given the black economy is very active. The black economy or ‘shadow economy’ refers to activities that…

​As part of the 2019-20 Federal Budget, the government announced that Single Touch Payroll (STP Phase 2) would be expanded with a mandatory start date of 1st January 2022. This…

​Starting a business requires research, risk, passion and planning. The start-up phase can be exciting but also exhausting with research to be done on your market and your competitors plus…

Businesses that fall behind on their tax lodgements can expect the financial penalties to increase dramatically from January 1, 2023, with more rises to follow. Buried in the Federal Budget…

​​As the start of 2023 looms, now is the perfect time to conduct a ‘health check’ on your business to assess what is working in the business and what needs…

​​Existing Directors of Australian Companies were required to apply for a Director Identification Number (Director ID) by November 30, 2022. The business registrar has extended the director ID application deadline…