Recent federal government announcements regarding tax collection methods have raised concerns for small businesses. The 2023–24 Mid-Year Economic and Fiscal Outlook (MYEFO) outlines a significant
The government is championing first-time homebuyers by doubling the First Home Owner Grant, increasing the support to $30,000 for those who qualify. The initiative, implemented
After much speculation, the Government has announced that they will amend the legislated Stage 3 tax cuts scheduled to commence on 1 July 2024. So,
The tax office has stopped sending letters warning of sometimes decades-old tax debts, acknowledging the letters were causing “unnecessary distress”. The Australian Tax Office (ATO)
The Australian economy remains at risk with uncertainty over the Chinese economy and ongoing international conflicts. At this stage, the Reserve Bank of Australia has
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big
In the latest update from the Australian Taxation Office (ATO), it has been revealed that workers are owed a staggering $3.6 billion in superannuation guarantee.
Planning a grand Christmas bash for your business? Don’t let your festive cheer be overshadowed by an unexpected Christmas Grinch, better known as the Fringe
In a bid to boost tax revenue and strengthen the economy, the government introduced several key changes back in May 2023. From cracking down on
A valuation specialist should evaluate your small business in Australia. They can offer a unique insight into your business that can be used to sell
How much capital gains tax (CGT) you pay on selling a business in Australia depends on if there is a capital gain or loss at
SAV, or stock at valuation, places a price or value on any stock the company has before being sold. Typically, the valuation is conducted just
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