“Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganisations that appear to be connected to succession planning.”

Instant asset write-off threshold will temporarily increase from $1,000 to $20,000 for 2023-24 and 2024-25 income years.

For most small and medium-sized enterprises (SMEs), borrowing money is the go-to strategy for funding their growth plans…

The key areas of ATO focus are based on the risks and issues identified through our intelligence collection, risk detection and analysis, and case work.

As 2024 ends and 2025 begins, there are some changes that your business should be aware of…

The Fair Work Commission has determined that a Philippines based “independent contractor” was an employee unfairly dismissed by her Australian employer…