The ATO is reminding businesses to lodge their tax payable payment annual report by 28 August after issuing around $9 million in penalties in the five years to 2023.

The lower risk profile of small practices means they should not face the same scrutiny as larger ones, the NTAA says.

The Tax Office will acquire property management records to clamp down on taxpayers misreporting rental income and deductions.

The Australian Securities and Investments Commission (ASIC) has issued a scam alert warning consumers that there has been an recent increase in the use of ASIC’s logo in social media scams. ASIC’s warning to consumers covers three main areas of concern.

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 effect, it’s a good time to give your super a check-up.

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Travellers who mix business and pleasure will face increased scrutiny as the Tax Office cracks down on work-related expenses.

The June quarter inflation data is likely to see the RBA keep rates on hold next week, economists predicted.

The ATO’s draft guidance on personal service income and the general anti-avoidance provisions is likely to be a shock to many small and microbusinesses in Australia.

After a soft patch since 2021, there is good reason to expect the $A to rise into next year