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Record Keeping: ATO on the war path
Careful record keeping is a must in order to prepare an accurate tax return and support the claims you make. Generally speaking, if you claim a deduction, you must have records to show how you calculated your claims. Records are usually a receipt from the supplier of...
Superannuation Update – Winter edition
In this quarter's superannuation update... Reminder: employers note that the super guarantee rate increased to 12% as of 1 July 2025. Insight: We take a look at some suggested figures for a 'modest' and a 'comfortable' retirement lifestyle, the difference between...
Tax audit insurance for small business owners
For individuals such as property investors and small business owners the possibility of undergoing a tax audit from the Australian Taxation Office (ATO) is a legitimate concern. Audits require substantial time and effort and may also incur considerable expenses as the...
Four tips to avoid the ATO audit radar
No-one wants to risk an audit by the Australian Tax Office (ATO). Avoid these four common mistakes to stay off the ATO radar this tax season. 1. Work-related expenses The most common mistake individuals make in preparing their tax, is incorrectly claiming work related...
ATO impersonation scam warning
With tax time, comes a rise in opportunistic ATO impersonation scams. The Australian Taxation Office (ATO) has issued a warning regarding a significant increase in scam activities during this period. While scams generally do tend to rise at this time of year, the ATO...
EOFY Property Tax Deductions
As end of financial year approaches, Australian property investors must finalise their tax returns, encompassing individual and business obligations based on their structure. To maximise tax benefits, property investors should ensure all eligible deductions are...
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