The Fair Work Ombudsman (FWO) has been doing spot checks on small businesses across six cities to see if employers are keeping proper records. If you have staff, now is a good time to make sure everything is in order. Around 50 businesses have been visited by the FWO in locations such as Sydney, Melbourne, […]
READ MOREby Luke Quinnell Since the election, the government’s proposed changes to superannuation have received heavy coverage in the mainstream media, with many commentators voicing concern. While most people agree that imposing extra tax on super balances over $3 million is reasonable, there are three highly controversial elements: Tax on Unrealised Gains: This means being taxed […]
READ MOREby Luke Quinnell Taxpayers that incur general interest charge (GIC) and shortfall interest charges (SIC) from 1 July 2025 will not be able to claim these expenses as a tax deduction. This means that the costs of not paying your tax debt on time will significantly increase from 1 July 2025. The current ATO GIC […]
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