ATO to Deny Deductions for Interest on Late Tax Payments from 1 July 2025 – What It Means for You
ATO to Deny Deductions for Interest on Late Tax Payments from 1 July 2025 – What It Means for You The ATO has announced a significant change that will affect many Australian businesses and individuals from 1 July 2025. Under the new rule, interest charged by the ATO on overdue tax debts will no longer […]
Estate Planning Considerations for SMSFs: What You Need to Know
Estate Planning Considerations for SMSFs: What You Need to Know Estate planning is a crucial but often overlooked aspect of managing a Self-Managed Superannuation Fund (SMSF). While many SMSF trustees focus on growing their retirement savings, failing to plan for how superannuation benefits will be distributed upon death can result in tax liabilities, legal disputes, […]
The FBT Compliance Checklist: What Every Employer Should Know
The FBT Compliance Checklist: What Every Employer Should Know Fringe Benefits Tax (FBT) is a key consideration for any Australian employer offering benefits beyond base salaries. Staying on top of FBT compliance not only minimises costly penalties but also ensures your business remains in good standing with the Australian Taxation Office (ATO). In this comprehensive […]