Recent rulings show that breaches of the Fair Work Act or payroll obligations can have enormous financial consequences. With major corporations paying hundreds of millions of dollars in remediation costs and record fines for unlawful actions, the message is clear:…
In response to mounting frustration, the CRA has introduced a 100-day Service Improvement Plan running from September 2 to December 11, 2025. This initiative is designed to tackle delays and make it easier for taxpayers to access the help they…
The changes are also expected to simplify compliance, and make the country a more attractive place for talent and investment. For taxpayers, these changes highlight a shift toward fairness and efficiency in the way Inland Revenue manages obligations. One of…
This avoidance can add unnecessary stress, particularly during a cost-of-living crisis, when people are already under pressure. There are several reasons why preparing a tax return can feel overwhelming. Some worry about making mistakes or owing money to the Australian…
Despite its title, the bill does not deliver the anticipated simplification of fringe benefit tax (FBT) rules that many employers were hoping for. Instead, it focuses on a mix of measures designed to ease compliance, and clarify rules for modern…
But with this added income comes a tax responsibility. How the Canada Revenue Agency (CRA) classifies that income can have major implications for deductions, benefits, and compliance. Income earned from short-term rentals can be considered rental income or business income,…
A growing number of taxpayers are being caught out for incorrectly claiming an exemption, leaving them with unexpected tax bills and interest charges. The Medicare Levy Surcharge applies to higher-income earners who do not hold the appropriate level of private…
The government has confirmed a series of legislative reforms that will pave the way for all light vehicles to pay for road use based on distance and weight, rather than fuel type. At present, motorists driving petrol-powered vehicles contribute to…
The measure is being discussed as a way to support households facing ongoing cost-of-living pressures. While the idea has generated excitement, it is important to understand what has been confirmed, who may be eligible, and what steps to take. The…
These reforms are set to simplify tax reporting for individuals and provide modest savings, particularly for lower-income earners. Beginning 1 July 2026, Australians can claim a standard $1,000 deduction for work-related expenses. This initiative is designed to streamline the tax…