If the business is no longer profitable, and is unlikely to be profitable in the future, your best option may be to close your business.

Terms and conditions bind your customers only where they actively accept them, so a tick box at checkout holds up where a footer link often does not.

From July 2026, the new Paid Parental Leave Superannuation Contribution (PPLSC) has started. This is a government-funded super payment for eligible parents who receive Paid Parental Leave (PLP) for a child born or adopted from 1 July 2025.

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.

Div 296 tax is now in legislation and levied directly on the individual with balances over $3m in super fund. The assessment is issued by the ATO, and payment is generally due within 84 days of the notice. Div 296 tax is in addition to the (up to) 15% tax that super funds pay on fund earnings in the accumulation phase.

The initial legislation was rushed into law despite widespread concerns raised by advisers, professional bodies and taxpayers. There is little evidence that this feedback in any way influenced the final outcome.

In a recent update, the ATO has urged contractors to verify their pre-fill information against their own records and declare all their business income, including income not reported through a taxable payments annual report (TPAR).

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.