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Navigating the Australian tax system can be challenging, especially when it comes to understanding the Medicare levy and the Medicare levy surcharge. …

If you’ve spotted what looks like an amazing investment opportunity from Bunnings recently, beware! The Australian Securities and Investments …

If you’re one of the millions of Australians with a Higher Education Loan Program (HELP) debt, you might be wondering how the government’s …

If you’re one of the millions of Australians who use buy now pay later (BNPL) services, important changes are coming that will give you stronger …

Understanding the ATO’s focus areas for 2025 is essential to ensuring your business remains compliant and successful. The ATO has outlined …

As Australia experiences another summer of unpredictable weather patterns, it’s essential to be prepared for the unexpected – natural disasters …

The ATO has announced or extended a number of data-matching programs recently, including the lifestyle asset data-matching program. Data will be …

Now is a great time to make sure your business is ready to meet upcoming business activity statement (BAS) due dates. The BAS applies if you run a …

If you own a holiday home you might rent it out at times when you’re not using it yourself. Remember, you should seek professional advice if you have …

As one of Toowoomba’s leading accounting firms, Horizon Accounting has built its reputation on lasting client relationships. Now powered by MYOB …

From 1 July 2024, the rules for accessing superannuation became somewhat simplified: the preservation age when you can begin to access your benefits …

In welcome news for first home buyers, the government has made changes to the operation of the First Home Super Saver Scheme (FHSSS) to improve its …

As part of the 2023–2024 Federal Budget, the government proposed a “payday super” reform. A newly released government fact sheet sets out some key …

Once the end of financial year workload abates and payroll staff have time to have a closer look at what occurred in the previous income year, it’s …

Many retirees find themselves cash-poor but asset-rich. For those living on larger properties, subdividing and selling unused land can be a potential …

Homeowners can share their homes in a range of ways – you might have an agreement to rent out a room, offer short stays through a platform like …

You may have heard that the annual cap on non-concessional contributions (NCCs) has increased for 2024–2025. This is great news for superannuation …

As the end-of-year season approaches, it’s a great time to celebrate with your employees and show appreciation for their hard work throughout …

The ATO has recently confirmed that collection of business debts – including debts relating to superannuation guarantee (SG), pay as you go (PAYG) …

With the latest statistics showing a significant rise in liquidations and with the ATO’s focused efforts on debt collection, small businesses face …

Does your business or investment structure make payments such as interest, dividends or royalties to any foreign residents? You may be required to …

Claiming the tax-free threshold: getting it right If you’re an Australian resident for tax purposes, you don’t have to pay income tax on the first …

If you manage a self managed superannuation fund (SMSF), recent changes to tax rules for certain fund expenses could affect you. These changes may …

The new financial year has begun, and with it have come some important changes to superannuation from 1 July 2024. With these changes coming into …

You may have heard that the annual cap on non-concessional contributions (NCCs) has increased for 2024–2025. This is great news for superannuation …

Beware of “cold callers” offering to switch your super Following an extensive review, ASIC has uncovered a worrying trend where cold callers, after …

The digital currency landscape continues to be treacherous terrain for self managed superannuation fund (SMSF) trustees, with a growing number of …

Hot on the heels of reports that a growing number of self managed super funds (SMSFs) are sustaining significant losses in crypto asset investments, …

In recent years, the financial landscape in Australia has been significantly transformed by the advent of buy now, pay later (BNPL) services. These …

If your business owns or leases a vehicle that’s used for business purposes, it’s essential to keep proper records to ensure you’re entitled to the …