Amendments to deny income tax deductions for general interest charge (GIC) and shortfall interest charge (SIC) amounts incurred by taxpayers has now passed both houses. Please click on the link to read the Accountants Daily article
If you have any further questions please contact us on 02 9580 3353
Running, or deciding to set up a self-managed super fund (SMSF) gives you control, but it also brings legal responsibilities. The Superannuation Industry (Supervision) Act 1993 (SISA) contains detailed rules on trustee …
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If you run a business, you already know the juggling act that comes with managing the payroll process — paying staff on time, managing cash flow, and staying compliant. From …
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The ATO is toughening its approach to deductions related to properties used for both personal and rental purposes, such as holiday homes. The regulator has issued a draft taxation ruling …
Read More… from The ATO has holiday homeowners in its sights
On 13 October 2025 the Federal Treasurer announced some significant changes to the design of the proposed Division 296 tax. Some of the key changes are: Introduction of a second …
On 9 October 2025 the Government introduced the Payday Super legislation into Parliament. The new system is proposed to take effect from 1 July 2026 and will basically ensure that …
‘Business viability’ is whether a business is surviving. This survival is linked to its financial position and performance. A business is viable where either: it’s returning enough of a profit …
The Australian Taxation Office (ATO) has discreetly bumped the fixed rate work from home deduction. Taxpayers can now claim 70 cents per work hour under the revised fixed cost method. …
ATO email scam reports are up 300% so protect yourself from a financial and emotional toll by protecting your identity. As a business owner, keeping your employees, customers and yourself …
The Australian Taxation Office (ATO) is reminding taxpayers, from 1 July 2025 interest charged by the ATO for late payments or underpayments will no longer be tax deductible. The Treasury Laws …
Read More… from ATO issues reminder on interest deductibility changes from 1 July
As the festive season approaches, we would like to extend our heartfelt gratitude for your continued support and partnership throughout the year. Our office will be closed from Monday 23rd …
Our office is located in Hurstville. Parking is available under our building. We are a short 750m walk from Hurstville train station.