How it works A building and the land it is on are usually treated as a single asset. However, there are situations where they are
Getting paid on time is essential to minimising cash flow problems, especially for new businesses. Here are seven simple techniques to help you to manage
How much tax you pay on retirement income depends on your age and the type of income stream. For most people, an income stream from
Small businesses with a habit of falling behind on their GST obligations are about to face stricter reporting rules. From 1 April 2025, the Australian
Fuel tax credit rates changed on 3 February. Make sure you are using the correct rate to ensure your claim is correct. You could receive more
If your personal information falls into the wrong hands, it can be used to steal your identity. If you think your identity has been stolen,
The Tax Office is actively targeting SMSF trustees over a range of super breaches. Home ownership is still the great Australian dream for many people. Australia’s
Potentially dodgy tax schemes are being promoted online and offered to people when they least expect it. Individuals and businesses need to be wary of
When to declare investment income You must declare income you earn from investments and assets in your tax return. Investment income may include amounts from
Preparing for the Fringe Benefits Tax (FBT) year-end is never a walk in the park and, with the ATO now using increasingly sophisticated data matching
Which records to keep for your property so you can work out CGT when you sell it. Property records you should keep For your property,
Cutting costs is arguably the quickest and easiest way to improve the profitability of your business. Introducing a cost-control system can bring immediate savings and
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