The Australian government has now legislated changes that will deny tax deductions for the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) starting July
With a federal election on the horizon, uncertainty surrounding several announced but unenacted tax measures continues to grow. The Tax Institute’s chief executive, Scott Treatt,
Small businesses are often considered the engine room of the economy, with research from the Council of Small Business Organisations of Australia (COSBOA) showing that
The Australian Tax Office (ATO) conducts audits to verify compliance with your tax obligations and make sure you’ve paid the correct amount of tax. The
The Australian Taxation Office (ATO) has shifted its focus to tackling the rising tax debt among small businesses, which now represents a significant portion of
The past few years have been a whirlwind of change and uncertainty, but 2025 offers a glimmer of hope for greater stability. However, as always,
The holiday season is a time of celebration, but for businesses, it also brings a set of tax compliance responsibilities. From staff gifts to festive
Efficient management of accounts receivable is crucial for maintaining healthy cash flow and ensuring the financial stability of your business. However, common pitfalls can hinder
The Australian Taxation Office (ATO) has an extensive system in place that imposes financial obligations on taxpayers in Australia. This means that, whether you’re an
The end of the financial year is a stressful time for many, especially with tax obligations ramping up along with all of your other responsibilities.
The Department of Employment, Small Business, and Training (DESBT) offers grants and programs to help small businesses in Queensland continue to grow and thrive, which
When setting up your business in Australia, one of the first (and most important things) to do is decide on what business structure you’re going
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