News

ATO chases $172bn in undeclared contractor income

  The ATO has warned businesses to come clean on $172 billion worth of payments to contractors as it cracks down on non-compliance with the taxable payments reporting system.  

ATO data-matching: JobMaker

  Data collected will be used to identify compliance issues in relation to JobMaker.  

Small businesses: don’t forget your FBT concessions

  If you own a small business still recovering from the COVID-19 induced downturn, remember that you can take advantage of FBT concessions to lower the amount of FBT you may need to pay.   

A broad range of Calculators – Resources

  These calculators, along with videos that explain accounting ideas, latest news articles, an easy to use file transfer system, and a portfolio management portal make our website a great place to keep up-to-date and obtain help on many of your financial questions. *  

Understanding the coming super balance cap changes

  The transfer balance cap is a limit on how much super can be transferred into pension accounts earning tax-free income. On 1 July, this cap will be increased. What might this mean for your retirement income stream?  

A broad range of Calculators – Tools

  These calculators, along with videos that explain accounting ideas, latest news articles, an easy to use file transfer system, and a portfolio management portal make our website a great place to keep up-to-date and obtain help on many of your financial questions. *  

‘Penalties will resume’: ATO flips the switch on debt recovery

  Taxpayers falling behind on tax debts and lodgement obligations can soon expect contact from the ATO as it confirms the resumption of its compliance activities in the wake of JobKeeper ending.  

JobMaker Hiring Credit rules and reporting

  In the next few months, businesses that are seeking to employ additional workers but still need a bit of help can now apply for the JobMaker Hiring Credit Scheme.   

Phishing scams that pretend to be very reputable companies – BEWARE!!

  Sophisticated fraudsters are targeting Australian investors with investment 'phishing' scams. Find out what to watch out for so you can avoid being caught up in one.  

Retirees aren’t sitting on their super: ASFA

  Despite some reports, the vast majority of Australians exhaust their superannuation in retirement according to data that flies in the face of the Retirement Income Review (RIR).  

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