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ATO focus on personal services businesses

The ATO has set out some of its criteria for its risk approach to selecting businesses for an ATO audit.

What does President Trump mean for investors?

After a highly contested campaign, Donald Trump won a resounding majority in the electoral colleges to be elected the 47th President of the United States - but where does this leave investors?

ATO targets the sharing economy

Due to the significant growth in the sharing economy, the government has taken steps to minimise the potential under-reporting of income by participants.

ATO NFP Self-Review Return – Recent updates

Non-charitable not-for-profit organisations that self-assess as income tax exempt are now required to lodge an annual self-review return with the ATO.

The Cost of Aged Care (and how planning can help)

If the thought of aged care fills you with worry, you’re not alone. There are so many uncertainties that come with planning for different types of aged care, including how much it all costs.

Super Obligations – are you keeping up?

With Single Touch Payroll and super fund data now being regularly reported to the ATO, the ATO is now able to quickly identify employers who appear to have outstanding Superannuation Guarantee (SG) obligations.

Will I Pay More for Aged Care?

Changes to aged care fees are coming, and they will impact both home care and residential care.

Perplexed about HECS?

HECS debts are common among young Australians, but certain circumstances exist, you may be in for a nasty surprice.

Investing cycles – lessons from the Magnificent 7

It takes grit to hold on as the markets plummet, but the best way might be to avoid the hype and tune out the ‘noise’.

Do your kids really want to take over your business?

Generational succession sounds simple enough, but it’s important that it is managed as closely and diligently to avoid any disputes.

Your Safety Net: Good Record-keeping

There are specific guidelines regarding the records you need to substantiate a tax claim - don't get caught out if the ATO comes knocking.

Not-for-profit ATO self-review returns

From the 2023/2024 tax year, certain charitable not-for-profits with active ABNs will need to provide information about their income tax status to the ATO via a self-review return.