As differing opinions circulate at the top end of town about the potential impacts of a net cash flow tax, its effect on SMEs could add to their daily struggle in the current regulatory environment.

This depends on who the Australian Taxation Office considers the owner of the income.

As a parent or guardian, it’s essential to understand how tax applies to your child’s money.

Despite one in four (25 per cent) small businesses reporting use of personal savings to stay afloat, close to one in two (45 per cent) of these businesses anticipate that customer demand will improve over the next year, research has shown.

If you can’t account for the amount of super you feel you have earned during your work-life then it could be in this huge amount.

From August 26 2024, Australian workers have a legal right to disconnect from the workplace outside of working hours.

One gap when owning and operating a small business is to get a feel for how you are doing compared to your peers.

Franchise and lease agreements often conflict, so review both together, decide early whether the franchisor or franchisee should hold the lease and do thorough due diligence, including franchisor approval and checking use and assignment clauses.

If retirement is on the horizon and you have a large amount of accrued leave, you may well be contemplating whether to take a big holiday now, or just take the lump sum payment when you retire.

To be eligible to claim working from WFH expenses, you need to be genuinely working from home to fulfil your employment duties, not just checking emails or taking occasional calls.

As heated debates over the proposed Division 296 tax continue to be drawn out, the IPA has called on the government to “reconsider problematic areas”.

Elder abuse is an unfortunate reality that some accountants and advisors come across whilst working with older clients. So, what are the red flags, and what can be done in response?

Business culture is the shared set of values, beliefs, norms, and practices that dictate how employees within an organization behave, interact, and make decisions, shaping the overall work environment and company identity.

A former ATO client engagement officer has lost an appeal against a five-year prison sentence for accepting a $100,000 bribe in return for a favourable tax audit.

ATO warns Australians against early super access.

Before expanding your team, ensure your business can support the new role financially and operationally.

What you need to know about pre-CGT v post-CGT investments.

Officers have an ongoing duty to ensure their organisations remain compliant and stay informed about work health and safety matters.

The Labor government have recently introduced legislation aimed to enact its election promise to reduce student debt by 20%.

Businesses can no longer claim income tax deductions for ATO general interest charge (GIC) and shortfall interest charge (SIC) charged on unpaid/underpaid tax liabilities.