If you own a holiday house (or rent out your home/part of your home on Airbnb/Stayz), the ATO has released new draft guidance  that can significantly change what you can claim — especially where a property has mixed use  (some private use and some rental use). This update is primarily driven by three ATO documents: TR 2025/D1  (draft ruling) – broader guidance on rental income and deductions, with a major change in approach to holiday homes . PCG 2025/D6  (draft guideline) –

End-of-year celebrations are a great way to recognise your team’s efforts, whether through a staff function, gifts, or a team activity. However, it’s important to be aware of how Fringe Benefits Tax (FBT) may apply so there are no surprises later. When FBT may apply Whether FBT is payable will depend on a number of factors, including: the cost per employee the type of benefit provided (for example, meals, gifts or activities) where and when the benefit is provided who attends

Small and medium-sized businesses are heading into choppier financial waters as a series of law changes take effect from 1 July 2025....

Retirement isn’t what it used to be. People are living longer, want more freedom, and face more financial complexity than ever before. If...

If you’re like many small business owners, you’re busy all the time . There’s always something urgent — clients to serve, invoices to...

You’re making sales, sending invoices, and staying busy — but somehow, there’s never enough cash in the bank. Sound familiar? Cash flow...

Despite the holiday season now passed, it is a timely reminder that staff celebrations all year round can give rise to Fringe Benefits...

The Australian Taxation Office (ATO) recently detailed some advice to help taxpayers avoid an unexpected tax bill. This can be done by...

The Australian Taxation Office (ATO) has announced a data-matching program targeting property management data, which will span from the...

The ATO is currently offering a lodgment penalty amnesty for eligible small businesses, providing relief to those who meet the specified...

As the holiday season approaches, we need to be mindful that employers carefully consider the entertainment-related benefits they provide...

Having a redraw option is essentially a feature of a home loan, while an Offset account is a separate transaction bank account which is...

Buyer Beware – Many Digital Assets are not “Financial Products” Crypto investments and people raising money from the public for these...

From what I have heard from some clients, colleagues and friends a number of people have been dabbling in investing in various...

The July 2021 Covid-19 Govt Assistance for businesses and individuals is summarised below. More information will be issued by the...

If so, read on as there are currently two Government assistance options available for Employers: JobMaker Hiring Credit. Boosting...

Comparison rates are a guide for you to compare the estimated true cost of finance. When you see the advertised interest rate and then...

The 31st December 2020 is a very important deadline for owners of NSW residential property. If your trust deed has not been amended by...

Christmas can be a wonderful time to spend with family and friends but it is easy to end up regretting the financial decisions made after...

With the aim of encouraging new business and home loan lending the Federal Govt has decided to remove the responsible lending laws by the...