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Three ingredients to attaining your retirement goals: give yourself enough time, utilise professional assistance and increased financial literacy.  

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The ATO warns taxpayers to always watch out for scammers. Each year, the ATO receives a growing number of reports from the public of new phishing scams – it detected over

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Cash is No Longer King

Historically, many Australian businesses have favoured the cash model and, regrettably, also favoured non-disclosure of “cash-in-hand” earnings and outgoing payments. Cash is untraceable, an attribute that has seen it play the

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‘A simple mistake can attract our attention’: ATO reminder about FBT slips-ups

The tax office has issued a reminder to tax professionals about some simple, but common, errors which often attract its attention with fringe benefits tax (FBT).

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Beware residency rules if moving overseas

SMSF trustees are often unaware that if they move overseas for an extended period of time, their SMSF may fall foul of the ATO’s residency rules and they may face a heavy tax bill.

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Meaningful tax reform in high demand

Comprehensive tax reform continues to dominate wish lists for the upcoming federal budget, with support for change to state-based taxes particularly high, according to a new survey.

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Working holidaymakers and tax returns

If your business employs working holidaymakers – or you’ve been one yourself this year! – you need to satisfy the “backpacker tax” s that came into effect from 1 January 2017.

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ATO issues update on cryptocurrency compliance traps

The ATO has provided further details on some of the regulatory considerations with cryptocurrency for SMSFs, including valuations, in specie contributions and ownership of assets.

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