by Financially Sorted | Jul 31, 2026 | ATO, Small Business, Tax & Accounting, Tax Returns
Tax audits and reviews are becoming increasingly common as the Australian Taxation Office (ATO) uses sophisticated data matching and compliance programs to identify discrepancies in tax returns, BAS lodgements, payroll reporting and other financial information....
by Financially Sorted | Jun 30, 2026 | ATO
Source: ATO As tax time approaches, the ATO has cautioned Australians to be wary of information from third-party sources, such as AI platforms and financial influencers. Taxpayers should be cautious of incorrect or misleading information being spread at tax time,...
by Financially Sorted | Jun 30, 2026 | ATO
Source: ATO The ATO has recently updated its advice regarding when, by tax law, you must obtain a valuation of an asset. Most likely as a response to the Budget, there have been several subtle but important changes. Now that the previously announced Budget updates...
by Financially Sorted | Jun 30, 2026 | Government Legislation
The new financial year is often a time for State and Federal governments to make regulatory and legislative changes and this year is no different. Changes from 1 July 2026 will affect every Australian State and Territory. In particular, reforms to wages, leave...
by Financially Sorted | Jun 3, 2026 | Business, Small Business
With global fuel supply chains still under strain from conflict in the Middle East, many Australian businesses are feeling the impact through higher operating costs, delayed deliveries and pressure on cash flow.To help stabilise affected sectors, the ATO have...
