Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.
We're answering frequently asked questions about what you can and cannot do in your SMSF, including lending money and charging for work.
The PPSR can be used to help protect your assets and income through a very specialised process. What is the PPSR? The Personal Property Securities Register (PPSR) is an official…
The ATO is taking a stand against structures designed to divert income and reduce taxable income, which are prominent in professional service firms.
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.
The Pandemic Productivity Gap A recent article published in the Harvard Business Review by Bain & Co suggests that the pandemic has widened the productivity gap between top performing companies…
With the Fringe Benefit Tax year ending on 31 March, we look at the key issues and the ATO hotspots.
Some big businesses are returning unneeded JobKeeper payments in an act of "responsible corporate citizenship".
On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business. The aim to speed up the insolvency process.
The third and final phase of JobKeeper started on 4 January and runs through until 28 March 2021. Here's what you need to know about eligibility.