News
SEARCH CATEGORY
Budget Breakdown Edition 1: Negative Gearing
Changes to negative gearing are on the way, with new rules set to affect some residential property investors from 1 July 2027. While we know the broad direction of the changes, further detail and guidance is still expected. And, importantly, the impact will depend on...
Explaining the new Anti-Money Laundering (AML) requirements
With the introduction of enhanced Anti-Money Laundering (AML) requirements, times are changing, and businesses like Financially Sorted must adapt to an increasingly regulated environment that places greater emphasis on transparency, accountability and compliance. It...
Tips to avoid the ATO audit radar
Based on the latest Australian Tax Office (ATO) guidance, the biggest ATO review and audit focus areas for 2026 income tax returns are some of the most common claims. The ATO is paying particular attention to motor vehicle claims, work-related travel, working from...
Tax audit insurance for small business owners
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....
Warning to taxpayers on dangers of relying on AI tax advice
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,...
Market Valuation of Assets
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...
SUBSCRIBE
Subscribe to our newsletter The Balance and join thousands of other subscribers who receive the latest in taxation, property investing, business and finance news: