by Financially Sorted | Mar 2, 2026 | ATO, Business
Over the past 12 months, I have found myself having the same conversation with business owners again and again. It usually starts with a variation of “It feels like the ATO is more active than it used to be” or “The ATO has never asked for things like that” or “The...
by Financially Sorted | Mar 2, 2026 | ATO
The Australian Taxation Office (ATO) has released new guidance explaining when it may reduce or cancel the General Interest Charge (GIC). The GIC is the interest applied to unpaid tax debts after the due date. This update provides useful clarity on when relief may be...
by Financially Sorted | Jan 29, 2026 | ATO, Tax Returns
For most taxpayers, overseas travel isn’t something they ever need to think twice about. However, if a person or business has a significant unpaid tax debt, it’s important to understand how this can affect travel plans. The Australian Taxation Office (ATO) has...
by Financially Sorted | Nov 27, 2025 | ATO, Property Investment, Tax & Accounting, Tax Returns
The ATO has released fresh draft guidance on its approach to rental property tax deductions, marking a shift in its treatment of rentals also used as holiday homes. Earlier this month, the ATO withdrew its existing ruling on rental property deductions and released a...
by Financially Sorted | Oct 30, 2025 | ATO, Business, Superannuation
The Payday Super legislation has finally been introduced to Federal Parliament after years of discussion. Designed to put a stop to wage theft in the form of unpaid super, Payday Super will require employers to pay their employees’ superannuation at the same...
by Financially Sorted | Oct 30, 2025 | ATO, Business, Small Business, Tax & Accounting
As the year wraps up, many business owners want to thank their employees and clients for their support. Before you start wrapping gifts or planning a celebration, it’s worth understanding the tax rules that apply especially when it comes to fringe benefits tax (FBT)...
