Fame and Image rights to be taxed in individual returns only July 24, 2023 A tax determination from the Australian Taxation Office (ATO) has stated that earnings from your "image rights" or…
Modernising individual tax residency framework – ATO’s new guidance July 17, 2023 The ATO has finalised a tax ruling which provides additional relevant guidance on the statutory residency tests for…
June quarter superannuation guarantee contribution is due soon July 17, 2023 Prepare now for your quarterly superannuation guarantee (SG) contribution lodgement. Most superannuation clearing houses (including SuperStream compliant software…
Claiming your bonus deduction for small business technology investment this year July 5, 2023 A bonus deduction may be available in this upcoming tax return for expenses relating to undertaking a digital…
Training your staff? The Skills and Training bonus deduction is now law July 5, 2023 Businesses with an aggregated turnover of less than $50 million are entitled to a bonus tax deduction of…
Prepare for Finalising Single Touch Payroll July 5, 2023 It’s nearly time to make a finalisation declaration for Single Touch Payroll. There is no need to issue…
Stepping back: Do you have an exit strategy for your business? July 3, 2023 Owning a business can be brilliant, but you might not want to do it forever. Whether you’re ready…
Why is business planning important? July 3, 2023 The first key to success in business is planning and defining the short- and long-term goals for your…
Small business lodgement penalty amnesty June 9, 2023 In an effort to support small businesses struggling with inflation hikes and high cost pressures, the ATO will…