Latest Accounting News

Latest Articles

• ATO - Targeted Areas of Focus 2024-25
  Key risk areas the ATO intends to focus on for Private Wealth in 2024–25.
• 6 ways to improve your business plan
  All businesses need a business plan, not just new businesses.
• Benchmarks for small business
  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. 
• Beware the early lodgment tax trap, CPA Australia warns
  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.
• Tax lawyer flags compliance traps with family trusts
  Accountants have been warned about family trust issues that can lead to unexpected tax bills for clients, with the ATO scrutinising this area.
• Superannuation on paid parental leave from 1 July 2025
  In March 2024, the government announced its intention to commence paying superannuation on government paid parental leave (PPL) payments from 1 July 2025. The related law has now been passed.
• Tax Time Checklists Individuals; Company; Trust; Partnership; and Super Funds
  These checklists will help us ensure you don't miss any deductions. Simply print, complete and return.
• Comparison of various Animal Weights
  Check out the lightest to heaviest animals in the world
• 2025 Tax Planning Guide Part 2
  From July 1, 2025, the compulsory Super Guarantee Contribution (SGC) rate increases from 11.5 % to 12%.
• From 1 July 2025 ATO Interest is no longer tax deductible
  On 26 March, the government passed legislation denying tax deductions for ATO interest. This change takes effect on 1 July 2025.
• SME confidence and conditions see uptick over Q1 2025, survey reveals
  Small business conditions and confidence notably improved throughout Q1 of this year, but remain in negative territory.
• Depreciation expert urges property investors to leverage tax depreciation
  Seventy per cent of people are not maximising the tax depreciation opportunities on their investment properties, a depreciation expert has said. 
• Buy a business
  What you need to know about the risks and benefits of buying an existing business or franchise.
• Upskilling and self-education costs
    The expenses need to have a sufficient connection to your current employment income in order to make a claim.  
• How secure is your super account?
    The past few years have seen significant data breaches from well-known Australian companies both inside and outside of the superannuation sector, exposing a huge amount of consumer personal identity information.