Following a number of recent cases involving directors claiming that penalties under the director penalty regime should not apply to them, the ATO has released an update to counteract any... read more →
Due to rising house prices, the humble granny flat has become a popular investment property strategy for homeowners and investors seeking to maximise returns on existing properties. However, there are... read more →
The Commissioner of Taxation is encouraging taxpayers to declare tax shortfalls at their own discretion. Usually, an underpayment in tax will incur a serious penalty on top of interest. However,... read more →
There is nothing more tedious for rental property owners than dealing with the tax implications of property damage. Over the past year, natural disasters have severely impacted areas throughout Australia,... read more →
The fuel tax credit scheme plays a vital role in sustaining the production of goods and services in regional Australia by providing a credit for the tax included in the... read more →
Most small business owners would love to be able to offer their more valuable employees a pay raise. Increasing an employee’s pay is likely to reduce staff turnover, increase job... read more →
In this current economic climate, many small businesses have seen a change in their ability to borrow funds from their bank. With banks conducting careful research to determine a business’... read more →
The ATO has announced that one of its compliance focuses for the upcoming year will be GST compliance. The program will involve a combination of compliance and education to help... read more →
Are you considering winding down your business? There are many reasons that business owners may decide to exit their business, but in every case there are tax and superannuation considerations... read more →
When most people think about financial planning they tend to focus on the wealth creation side of things, but often forget about the wealth protection. Building a financial plan without... read more →