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ASIC’s annual insolvency data shows corporate business failure is up 39% compared to last financial year. The industries with the highest...

Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be...

The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift...

The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, it’s never that simple.

Read on to learn more about this and other crucial updates, including sharing economy income declarations, home office deductions, data-matc

Recently passed Stage 3 tax cuts focus on individuals earning below $150,000, while the fate of enhanced investment incentives for small bus

A recent Australian Bureau of Statistics (ABS) survey found that 46.9% of businesses surveyed used some kind of restraint clause, including

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self...

Every business owner is naturally curious about just how much their business is worth. However, for every business that sells at an attract

Two new cases before the Administrative Appeals Tribunal demonstrate how serious the Australian Taxation Office (ATO) is about making sure p

From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change. The amount you...

It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive...

The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention. Electric...

Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had an outstanding...

A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the what...

Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax...

The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the...

Embarking on the journey to sell your business? Think of it as a grand maritime adventure. This article, tailored for business owners...

In a significant announcement, the Cook Government has unveiled a set of fresh regulations governing un-hosted Short-Term Rental...

The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of...