Our Insights
NFPs need to get ready for new return
New Requirements for Non-Charitable NFPs: Annual Self-Review Returns Changes Effective July 2024 Mandate Annual Reviews for NFPs to Confirm Tax Exemption Status From 1 July
2024/25 Federal Budget
Key measures for taxpayers, small business and superannuation 1. Personal income tax measures 1.1 Stage three personal tax cuts The Government has confirmed the revised
Asset valuation guidelines for SMSFs
Mastering SMSF Asset Valuation Understanding the Importance, Principles and Processes of Valuing Self-Managed Super Fund Assets If you have a self-managed super fund (SMSF), you
Super contribution caps to rise
Prepare for Changes as Concessional and Non-Concessional Caps Rise What You Need to Know for 2025 The big news story for those contributing to super
Avoiding common Division 7A errors
Navigating Division 7A: Ensuring Compliance with Private Company Obligations Guidelines for Business Owners to Manage Payments, Benefits, and Loans from Private Companies Private company clients
Small business concessions
Unlocking Tax Concessions for Small Business Owners ATO’s Reminder The ATO has recently issued a reminder that small business owners may be eligible for concessions
Sale of land subject to GST
AAT Rules on GST Liability for Land Sale Enterprise Activities Determination The AAT recently held that the sale of land by a taxpayer was subject
Notice of officeholder data-matching program
ATO’s Comprehensive Data Acquisition Program Here’s what you need to know The ATO will acquire officeholder data from ASIC, the Office of the Registrar of
Remember the two further ‘boosts’
Seizing Opportunities with New Small Business Deduction ‘Boosts’ Exploring the Skills and Training Boost and Small Business Energy Incentive Although the ‘Technology Investment Boost’ has
FBT time is fast approaching!
Navigating FBT Obligations: A Reminder from the ATO Stay Ahead of the Curve with Key Tasks and New Guidelines for Fringe Benefits Tax Time The
Penalties soon to apply for overdue TPARs
Important Notice: Lodging Taxable Payments Annual Report (TPAR) with ATO Avoid Penalties and Stay Compliant by Meeting TPAR Deadlines and Requirements Businesses that pay contractors
Changes in reporting requirements for sporting clubs
Annual Not For Profit Self-Review Returns Ensuring Tax Exemption Compliance for Sporting Clubs and Associations Not-for-profits (‘NFPs’), including sporting clubs, societies and associations with an
