Foreign Resident Capital Gains Withholding: A Complete Guide for 2026
Foreign Resident Capital Gains Withholding: A Complete Guide for 2025 Selling or purchasing Australian property should be an exciting milestone, not...
Business Tax Return Melbourne: A Guide for Local SMEs
For many Melbourne SME owners, the end of the financial year brings a familiar wave of stress. The complexity of lodging a business tax return,...
A Guide to Setting Up an ATO Payment Plan for Your Business
Navigating your business's financial obligations can be complex, and facing a significant tax debt is a challenge no owner wants to tackle alone. The...
Small Business CGT Concessions: A Clear Guide to Maximising Your Return
The decision to sell a significant asset, such as your business, is a major milestone, but it often comes with a daunting question: how much of your...
Div 293 Tax Explained: A Clear Guide for High-Income Earners
Receiving an unexpected notice from the Australian Taxation Office (ATO) can be unsettling, especially when it concerns your superannuation. If...
What Can You Claim on Tax? A Comprehensive Australian Guide
The fear of missing out on a legitimate deduction is real, as is the risk of making a mistake that could attract unwanted ATO attention. Navigating...
Tax Return Deadline with a Tax Agent: Your 2025-26 Guide
Using a tax agent is the key to gaining valuable extra time, and complete peace of mind lies in understanding the special tax return deadline tax...
Keeping a Compliant ATO Logbook: Your Ultimate Guide for the 2025 year
Are you confident you're claiming every possible dollar for your work-related car use, or does the fear of a complicated ATO logbook and a potential...
ATO interest charges
Soon, you will no longer be able to claim ATO interest charges. Navigating the Australian Taxation Office's (ATO) penalty and interest remission policies has become more challenging due to recent updates in their guidelines and policy being adhered to by the new ATO Commissioner. This will add substantially to the cost of the DEBT!Taxpayers seeking relief from penalties and ATO interest charges must now adhere strictly to the conditions outlined by the ATO Understanding ATO Interest Charges The ATO imposes interest charges to encourage timely tax payments and to ensure fairness among taxpayers. The primary types of interest charges include:- [...] READ MORE
Dumb ways to get a tax audit !
A tax audit is often a result of business owners not doing something that's the norm. Doing dumb things that alert the ATO that some things are not quite right. It is becoming imperative that you prepare your GST records appropriately to avoid unnecessary scrutiny by the Taxation Office which may lead to a tax audit for your Bas. These include: Failure to allow for car expenses for vehicles that are used partly for business purposes. Claiming all the GST paid on the following expenses: (similar to last year )o car operating expenses, a log book must be [...] READ MORE
