Latest News

In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.The Small Business Energy Incentive encourages small and medium businesses with an aggregated turnover of less than $50 million to invest in sp...

From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to those who have not owned a home for at least 10 years.The eligibility criteria for access to the First Home Guarantee Schem...

The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses.The ATO’s assessment, based on previous data matching programs, is that there is a tax gap of around $1 billion from incorrect reporting of rental property inco...

The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the Tax Office has given notice to the booming industry.Back in October 2022, OnlyFans CEO Ami Gan announced that the platform had reached...