What Tranche 2 Businesses Need to Know Before 1 July 2026
AML/CTF obligations are being extended to a new group of regulated entities, commonly referred to as Tranche 2 entities, from 1 July 2026.
New ATO Guidance for Rental Property Owners
The ATO has released updated guidance clarifying how rental income and expenses are assessed, reflecting changes in how investors now rent out their properties, particularly relevant for clients whose property doubles as a holiday home.
ABN Cancellations: What to Do If You Receive a Notice
The ATO has the power to cancel an ABN under several circumstances, set out in the Income Tax Assessment Act 1997 and the A New Tax System (Australian Business Number) Act 1999.
Payday Super: Myth vs Fact
From 1 July 2026, Payday Super requires employers to pay super at the same time as wages, rather than quarterly. SMSF trustees need to prepare now to avoid disruption. Here are some myths about Payday Super, and the facts behind them
ATO Tightens Process for Penalty and Interest Remissions
The Australian Taxation Office (ATO) has recently introduced a more structured approach to requests for penalty and interest remissions.
ATO Increases Focus on FBT Compliance
The ATO has announced a stronger focus on FBT compliance, with more audits and reviews expected over the coming years. This means employers should ensure their FBT reporting is accurate, properly documented and up to date.
ATO’s 2026 Audit Crackdown – What You Need to Know
From 2026, the ATO will significantly enhance how it reviews tax returns, using AI and advanced data-matching to cross-check what you report against information from banks, payment platforms, employers, and online marketplaces.
Protect Your Business From Fraud and Identity Security Risks
Protect your business from fraud and identity security risks by checking these 3 points of information access.
SMSF Regulation Details Removed
A quick reminder on the importance of staying up to date with your SMSF obligations. If your SMSF annual returns are 2 weeks overdue, your regulation details can be removed on the first business day of the month.
Business Valuations & Succession Planning
Thinking of selling your business to retire in a few years? Do you know what your business is worth? We certainly do. Often business owners rely on the sale of a business to fund retirement, often what you think your business is worth, unfortunately is not reflective in the market. We work out the value of the business for you and if there is a gap in your expectations and the actual value, workshop this with you to bring the value of the business up to where you need it to be for a comfortable retirement. This process can take a few years to achieve. Combine this with some clever tax planning and retirement concessions and you will be laughing all the way to the beach.
5 tips to help businesses avoid financial difficulties
1. Review Your Finances 2. Understand Your Business Structure, and restructure if necessary 3. Act Early! 4. Get Expert Advice 5. Balance […]
Audit Shield claims activity across Australia July 2023 to June 2024
Audit Shield is a service we offer that protects taxpayers—business owners, SMSFs, and individuals—who may be subject to ATO scrutiny, such as […]