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:…
Australians are being reminded that the deadline to lodge their tax return for the last financial year is quickly approaching, with penalties in place for those who miss the cut-off. Individuals choosing to lodge their own return must do so…
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…
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…
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…
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…
Being contacted by the Australian Taxation Office (ATO) can feel overwhelming, but a quick and informed response can make all the difference. Here are five essential tips to help individuals and business owners confidently handle any contact from the ATO.…