Key risk areas the ATO intends to focus on for Private Wealth in 2024–25.

All businesses need a business plan, not just new businesses.

One gap when owning and operating a small business is to get a feel for how you are doing compared to your peers. The ATO realises the importance of this and have developed a list of benchmarks to help. 

Rushing to lodge tax returns on time is likely to be one of the “biggest and most common” mistakes made by taxpayers this year, according to CPA Australia.