Following an application for a refund of nearly $94,000, the Administrative Review Tribunal has set aside an application for the remission of a 50 per cent penalty assessment.

One insolvency specialist has emphasised the importance of small businesses engaging their accountants to stay on top of their tax debts in light of increased ATO scrutiny of the SME market.

Compliance with new anti-money laundering (AML) laws may subject your small business to additional privacy obligations it did not face before.

Picking up a second job, holding multiple part-time roles, or doing gig work is now part of everyday life. But the way tax is withheld across multiple payers can lead to a surprise when you lodge your tax return.

Rising operating costs and persistent inflation are placing renewed pressure on businesses worldwide, despite signs that confidence is beginning to recover.

The ATO has a clear message this year: slow down and get it right. Early lodgers are far more likely to make mistakes.

One expert has stressed the importance of tax agents reminding their clients that the ATO is no longer as lenient on tax debt collection as it was during the COVID-19 pandemic.One expert has stressed the importance of tax agents reminding their clients that the ATO is no longer as lenient on tax debt collection as it was during the COVID-19 pandemic.

These checklists will help us ensure you don't miss any deductions. Simply print, complete and return.

With tax time around the corner, it's time to start getting your records in order for your 2025-26 tax return.

Despite its aims to ease the housing crisis, Labor’s LRBA ban continues to receive a mixed response, with many concerned about the impacts on retirement security.

For businesses and families managing discretionary trusts, understanding how social security laws intersect with trust arrangements is critical.

A cyber security risk management plan is a strategic blueprint that outlines how an organization identifies, evaluates, and mitigates threats to its digital assets. It aligns security controls with business objectives to protect the confidentiality, integrity, and availability of information systems against breaches or attacks.

Best defence is to pause – protect your ID and your finances.

The tax office is warning Australians to stop claiming private expenses on their tax returns, with some attempting to claim baby expenses, personal gifts and meal deliveries as work-related.

Running a small business has always required grit, creativity and the ability to adapt quickly.

Small business owners can face many challenges that impact their finances.

Australia’s proposed discretionary trust tax reforms could put a significant financial burden on small and family-run businesses, an advisory firm has warned.

Instead of paying super quarterly, you’ll need to pay it with each payroll, and contributions have to reach employees’ funds within 7 business days.

The current quarterly super payment system will be removed.

Superannuation Tax Planning Opportunities.