Latest Accounting News

Latest Articles

• ATO reveals small business hit list to combat tax debt
  The Tax Office hopes shedding light on its enforcement priorities will improve taxpayer compliance.  
• What are the FBT implications of Employee Christmas Parties and Gifts?
  The Christmas break-up party and/or gifts to employees can be exempt from Fringe Benefits if a few rules are followed.
• Assess a business before you buy it
  Ensure the business you buy is a worthwhile investment
• Christmas Parties and Taxi Fare/Rideshare – FBT implications.
  Some employers, who are commendably anxious to protect their employees and clients from the drink/driving laws, often pay for taxis/rideshare to and from the place of entertainment.  
• Practitioners cautioned on ATO’s top target areas for GST
  A tax specialist has outlined three of the major GST areas on the ATO’s radar based on recent discussions.
• ATO to target growing businesses in latest compliance blitz
  The Tax Office will be contacting medium-sized and emerging businesses over the next month to review trusts, Division 7A and CGT concessions.
• Our SG compliance results are here
  Learn how we've responded to the non-payment of super guarantee (SG) in 2023–24.
• Top 20 Most Watched Christmas Movies ever - pre covid
  Check out the top 20 Most Watched Christmas Movies ever - pre covid
• A Unique Advent Calendar
• Businesses ghosting the ATO targeted in debt collection blitz
  Clients failing to engage must “act now” or face rapid escalation of enforcement action, the Tax Office has warned agents.
• Claiming the tax-free threshold: getting it right
  If you’re an Australian resident for tax purposes, you don’t have to pay income tax on the first $18,200 you earn each year, from any source. This is called the “tax-free threshold”.
• Aussies tired of ‘dodgy tax criminals’, warns ATO
  The Tax Office has revealed that 250,000 tip-offs have been received about tax avoidance and dishonest behaviours since July 2019.
• Protect your small business by following these essential steps.
  Cyber security is everyone’s business. With cyber threats becoming more frequent and complex now is the time to make sure your business is secure.
• Super guarantee a focus area for ATO business debt collection
  The ATO has recently confirmed some key focus areas of business debt collection – including debts relating to superannuation guarantee (SG), pay as you go (PAYG) withholding and GST.
• Controversial ‘Airbnb tax’ set to become law
  A levy on short-stay accommodation bookings will apply from next year after being passed by the Victorian parliament.